According to one article by Brandon Renfro, there are three 5-year rules for Roth IRAs, but he talks about the first two as they apply to the reader’s question. He explains the 5-year rule for Roth contributions and the 5-year rule for Roth conversions. I’m only interested in the second rule because I’m thinking of … Read more
Ramit Sethi / Youtube Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Jeff, 50, is a specialized surgeon. His wife Susan, 48, is a stay-at-home mom. Even though Jeff earns an enviable $665,000 a year, the couple – married for 19 years – still struggle to pay … Read more
24/7 Wall St. It will come as no surprise to learn that millions of Americans are trying to put money away for retirement, with varying degrees of success. Unfortunately, the number of people left behind is shockingly high, putting millions at risk of not enjoying their retirement years. 58.4% of Americans have less than $10,000 … Read more
Looking at the long-term performance of the S&P 500, you might wonder why you wouldn’t just invest your entire 401(k) in it. The numbers are compelling: the index has averaged around 10.5% per year historically, and its returns in recent years have been even stronger. So why not just go all in? Have a financial … Read more
Younger adults are more likely to make New Year’s resolutions, according to the Pew Research Center, but that doesn’t mean retirees should kick them out. Retirement is one of the best times to review your long-term money habits, reset priorities, and create a plan that supports the retirement lifestyle you want. To help you out, … Read more