When it comes to preparing for retirement, most people think about building their 401(k), IRA, or other traditional retirement accounts. However, there’s a lesser-known savings tool that can be just as powerful—if not more so—when it comes to covering one of the biggest retirement expenses: healthcare. That tool is the Health Savings Account (HSA), and […]
Roth conversions have become a popular strategy for individuals looking to optimize their retirement savings and reduce future tax burdens. However, the decision to convert traditional IRA assets to a Roth IRA isn’t always straightforward. It involves understanding the tax implications, timing, and specific rules like the pro-rata rule, which can complicate the process. In
Should You Do Roth Conversions? Read More »
Inheriting an IRA can be a significant financial opportunity, but it also comes with its own set of rules and complexities. If you’ve recently inherited an IRA, you might be wondering what steps to take next. This blog post will walk you through the essentials of managing an inherited IRA, whether you’re a spouse or
Inheriting an IRA: What You Need to Know to Make the Most of It Read More »
Choosing between a Roth 401k and a Traditional 401k is one of the most important decisions you’ll make when planning for retirement. It’s not just about picking an account—it’s about aligning your choice with your long-term financial goals, tax strategy, and retirement vision. As a certified financial planner and founder of The Hourly Advisor, I’ve
Roth 401k vs. Traditional 401k: Which One Is Right for Your Retirement? Read More »
Top 3 Retiree Tax Mistakes and How to Avoid Them Retirement is a time when many people hope to relax and enjoy the fruits of their labor. However, it’s also a period that requires careful financial management, especially when it comes to taxes. Even a small mistake can lead to significant financial losses, reducing the
3 common Tax Mistakes Retirees make and How to Avoid Them Read More »
