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Javier Simon

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How Much Money Should You Convert to a Roth Each Year?

A Roth conversion allows you to turn funds in a traditional IRA into a Roth IRA. As a result, you get to enjoy qualified tax-free withdrawals in retirement. And you avoid the required minimum distributions (RMDs) that may trigger major tax consequences for retirees.However,...
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Should You Empty Your IRA by Age 73?

Emptying your IRA at any age typically isn’t a good idea. But you may want to consider drawing down some of the account before reaching age 73. This is the age when required minimum distributions (RMDs) kick in.So first, let’s explore why RMDs are...
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Biggest Roth IRA Blunders High-Earners Can Make

A backdoor Roth IRA can help high earners build tax-free retirement savings, but the...
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Tax-Savvy Ways to Leave Money to Your Kids

For many families, it’s essential to provide some kind of a financial safety net...
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Why the Years Before 73 Matter so Much for Retirees

People tend to view certain years as milestones—like 21 or 50. But people rarely...
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Cash Balance Plans: An Overlooked Retirement Tool

A cash balance pension plan is a type of defined benefit retirement plan. Here’s...
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What High Earners Need to Know About Deferred Compensation Plans

A deferred compensation plan is a contractual agreement between an employee and an employer...
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How to Fill up Lower Tax Brackets Strategically

Many financially-savvy individuals manage their income around the federal tax brackets in order to...
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How to Use the Bucket Strategy Like a Pro

After decades of hard work and diligent savings, you may be ready to crack...
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Dividend ETFs vs. Bond Funds: Which Is Right for Retirees

As investors near retirement or continue moving through their golden years, many seek regular...
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Estate Planning Mistakes Even the Wealthy Can Fall For

Keeping your estate plan current is just as important as creating one in the...
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The Roth Conversion Sweet Spot

Strategic Roth conversions may help retirees avoid larger tax bills later in life. Andrey_Popov/ShutterstockOne...
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Financially Savvy Ways to Use Your RMDs

Once RMDs begin, smart planning can help turn mandatory withdrawals into a financial advantage....
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Should You Drain Brokerage Accounts First in Retirement?

Taking withdrawals proportionally from multiple account types can help reduce tax shocks in retirement....
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