A Reader of Ask NJ Money Help asked: I take Required Minimum Distributions every year, but I don't need the money. How can I decide if I should convert the IRA? The short answer is you could be a candidate for a Roth conversion, but it depends on several issues. Read the full answer here.... Continue Reading →
Retirement is supposed to be enjoyable. But every day people make mistakes that derail their plans to live comfortably in retirement. Read about the most common pitfalls you can avoid.
401(k) balances are near all-time highs, leaving retirement savers feeling pretty good about themselves and their futures. Eventually though, we all have to take distributions from those accounts, and that includes paying taxes. To lessen the tax bite, financial pros recommend a few key tips.
Saving for retirement seems like a straightforward goal. Yet nearly 50% of people wishes they were saving more. Part of the challenge is knowing where to keep it. Learn about some of your options, and the rules to consider.