The main difference between a traditional and Roth IRA is how and when your money is taxed. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence our … Read more
Average retirement savings is a popular topic. But, new analysis using the Survey of Consumer Finances (SCF) data reports on what it takes to be in the top 1%, 5%, 10%, and 50% of wealthiest retirees. Scroll down to see how you compare. In order to understand what it means to be wealthy as a … Read more
Last updated October 4. 2025 Are you wondering if your Social Security check magically goes up when you turn 72? You’re not the only one! A lot of retirees and people who are about to retire ask this question, especially since there is a lot of confusing information online. I’m going to explain it to … Read more
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
Divorce is a complex process with far-reaching implications, even after the final papers are signed. One of the most common questions we receive from our clients is whether they are entitled to their ex-husband’s Social Security benefits if he passes away. In this blog post, we’ll explore the eligibility requirements and the factors determining whether … Read more
You may be wondering if you still need life insurance if you are retired or are about to retire. This question is more pressing if you lost employer-provided life insurance and youre wondering whether to buy a new life insurance policy for yourself. You might need life insurance in retirement to pay for your funeral, … Read more
Investing in a 401(k) plan may frustrate those who like to pick stocks. Employers may only offer a limited range of benefits, and most people can’t take money out of their 401(k) accounts before they turn 59½ without being charged a penalty. People can avoid 401(k) restrictions by picking stocks and managing their own portfolios, … Read more
The Simple Answer: Yes, LGPS is Definitely a Funded Scheme! If you’ve been wondering whether the Local Government Pension Scheme (LGPS) is a funded scheme I can give you a straightforward answer – YES, it absolutely is. But what does this actually mean for you as a member or potential member? Let’s dive into the … Read more
In general, file and prepare the final individual income tax return of a deceased person the same way you would if the person were alive. Report all income up to the date of death and claim all eligible credits and deductions. If the deceased had not filed individual income tax returns for the years prior … Read more
You changed your traditional IRA to a Roth IRA, but now you’re not sure if you should have done it. The tax bill may have been bigger than you thought, or your finances may have changed. You’re probably wondering: can a Roth conversion be recharacterized?. I’ve helped many clients navigate this exact situation, and the … Read more