Is your employer blindsiding you with your 401(k)? You might think you’re on track to retirement because your company enrolled you in the plan automatically. What they didn’t say is that they set you up to fail.
Auto-enrollment has been a great step forward, because it catches people who otherwise wouldn’t save. But, left alone, your [...]
Hang on to your wallet, here come the IRA sharks. An email just landed in my mailbox, blaring “ROTH CONVERSIONS ARE HOT! Millions of Dollars are Being Transferred! HUGE commissions are being generated!” Sucker lists are circulating. The next phone call or snail mail you get might be from a “financial adviser,” urging you to [...]
Roth Individual Retirement Accounts are big news this year. For the first time, anyone with a traditional IRA can convert it into a Roth. You can spread the tax effects of a 2010 conversion over two years. And conversion sidesteps the usual 10 percent penalty on funds withdrawn from traditional IRAs prior to age 59 [...]
