Retiring News

Are you dreaming of retiring to a villa in Italy or a beach house in Costa Rica? It’s an exciting idea, especially when there’s a lower cost of living — but there’s a less glamorous side to consider: taxes. Yes,

If you had $2 million saved in an individual retirement account (IRA) by age 67, could you make it last the rest of your life? With some wise planning and investing, stretching a $2 million nest egg over several decades

Nursing home stays and long-term care can cost well over $100,000 per year. To pay for it, families often have to liquidate their assets either to raise cash or to meet Medicaid’s spend-down requirements. If you want to protect your assets

At age 55 with $900,000 in a traditional individual retirement account (IRA), converting $100,000 per year to a Roth IRA could help reduce required minimum distributions (RMDs) and related taxes in retirement. Although Roth conversions create current tax liabilities, paying

I’m 54 and would like to retire next year. I intend on moving out of expensive New York City to Florida where I will purchase a home outright with cash for $600,000 to $650,000 (financed from the sale of my

After years of diligently saving a portion of your paycheck to your 401(k), you’re finally ready to retire. But what do you actually do with all the money in your account? How do you turn numbers on an account statement

If you want to lead a richer, more fulfilling, more social life as a retiree, you need to take up some new hobbies. The problem is that some hobbies are exorbitantly expensive, which might eat into your living budget. Some

Fortunately, there’s no age restriction on converting a pre-tax retirement account to a Roth IRA. You can roll funds from a qualifying pre-tax account to a Roth IRA at any time.  A financial advisor can help you manage your retirement

Sitting down to write a will can seem straightforward. After all, you’re just naming everyone who gets your money and property, right? However, a will is more complex than putting together a list. To be valid in Texas, a will

With $1.4 million in your IRA at age 65, you have a robust nest egg that could potentially fund a secure retirement of 25 years or more. However, making sure that money lasts will require prudent planning. You’ll need to