Q&A
Asked by an anonymous user
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
This country has made a revolutionary shift from pensions to a self-service retirement model (401Ks, IRAs, etc). The average baby boomer has not yet fully adjusted to...
Q&A
Asked by victor piediscalzo
Answered by Tracy Scott Burke, CFP®, ChFC® in Harrisburg, PA
Victor, Thanks for your question. Some type of a tax-deferred retirement account would likely be best in your situation in lieu of bank savings. If you have acces...
Q&A
Asked by Katie
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Katie, Conversion from a traditional IRA to a Roth IRA is beneficial when the amount you are converting allows you to stay in the same tax bracket and you have time...
Q&A
Asked by John
Answered by Winnie Sun, Financial AdviserPRO+ in Irvine, CA
I like rolling old 401(k)'s into one IRA, because it's easier to manage and keep track of. There are other reasons you may, may not want to do this, and it's best to b...
Q&A
Asked by Kathleen
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
The simple answer is yes you do. You need to take maximum advantage of all of your retirement savings opportunities: 401k (pre and post tax) and IRAs (preferably a Ro...
Q&A
Asked by Kathleen
Answered by Dan Crimmins, Financial Adviser in Woodcliff Lake, NJ
Kathleen - It is great that you are saving for your retirement. The difference between a Roth IRA and a traditional IRA is when the tax is due. When you contributed...
Q&A
Asked by Michael
Answered by Linda A. Stortz, CPA, EA in Seminole, FL
You must be asking if you can "make" an IRA contribution, rather than "take" an IRA contribution. No, either one of you must have earned compensation from wages, salar...
Q&A
Asked by an anonymous user
Answered by Tony Villa, Financial Adviser in Livingston, NJ
Why would you do that? Your current allocation is quite conservative & you can't predict when the markets may improve (gain in value) again. How long are you hoping th...
Q&A
Asked by an anonymous user
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
Here is my opinion -- gold is a terrible investment. It has no intrinsic return. Yes in an extreme market crisis, it can do well for a short while. Create a boring,...
Q&A
Asked by an anonymous user
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
A good way to think this through is to look at how much you're earning (or it's costing) in each case. For example, the mortgage is only 4.5% interest whereas your cre...
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