News

I overfunded my kids’ 529 plan — now I’m facing a punishing 10% penalty. Why I’d save less if I could go back
Imagine you’re a diligent parent who, haunted by your own student debt, maxes out a 529 college savings plan for your kids ...
From tackling taxes to doubling down on debt — here’s what Americans can (and should) do at age 59 ½
By actively reducing your debt between age 59½ and retirement, you can significantly improve your financial outlook compared ...
Diversifying your IRA portfolio: How to build a solid retirement strategy
An IRA portfolio is not limited to US stock markets, Bonds and Gold. For those wishing to increase the resilience and growth ...
Why open an IRA today? The power of early retirement planning
The greatest advantage of opening an early retirement account (IRA) is the power of compound interest. When you invest money, ...
I have $6.5 million in retirement savings and support my working son. Should we move to a state with no income tax?
When he becomes a GS-13 I can contribute less to his expenses. This allows him to contribute fully to his Thrift Savings Plan with Roth contributions. We have saved $6.5 million in 401 (k), IRAs and ...
Roth IRA Conversions in the Summer? Why Now May Be the Sweet Spot
Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.