GRAND RAPIDS, Mich. (WOTV)- As you’re saving for retirement, you may need to convert your traditional retirement account into a Roth IRA, but what’s the best time? Is it best to convert during a specific time of year? Should you connect with an advisor first or open the account? If you have any lingering questions, tune into Jennifer Feuerstein’s interview with Financial … [Read more...] about Three ‘rules of thumb’ for converting retirement funds into a Roth IRA
Neal Logan: Is Roth IRA better for young workers? | Local News
If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which … [Read more...] about Neal Logan: Is Roth IRA better for young workers? | Local News
If You Have a Side Hustle, Watch Out — These Mistakes Could Cost You Thousands
Rideshare driver? Grocery deliverer? Reseller? Picking up a side hustle is a great idea if you can make extra money. It's not so great, however, if your side hustle ends up costing you big bucks. Here are a few costly errors to avoid. One email a day could help you save thousands Tips and tricks from the experts delivered straight to your inbox that could help you save … [Read more...] about If You Have a Side Hustle, Watch Out — These Mistakes Could Cost You Thousands
How Do Mega Backdoor Roths Work?
Asian man studying Roth IRAsA mega backdoor Roth is a unique 401(k) rollover strategy that’s designed for people whose incomes would ordinarily keep them from saving in a Roth Individual Retirement Account. The advantage of using a Roth IRA to save for retirement is being able to make tax-free qualified withdrawals. But not everyone can contribute to these accounts; … [Read more...] about How Do Mega Backdoor Roths Work?
Opinion: U.S. retirement savings options are a disaster
(Photo: Shutterstock) We can all agree that building our retirement savings is an important goal. Statistics make it clear that we are living longer and when we combine that with the fact that we want to retire sooner leaves a decades-long gap that few people are prepared to deal with. While Social Security was once the intended funding source for people’s retirement, today … [Read more...] about Opinion: U.S. retirement savings options are a disaster