Don’t take shortcuts when calculating your retirement income
Each new tax year could provide a great opportunity to convert funds from a traditional IRA to a Roth IRA, but the decision can involve many moving parts and should be evaluated carefully.
Roughly 30% of Medicare beneficiaries will be affected.
Tax efficiency is another important key to assuring you don’t outlive your money.
When comparing results between retirement projections make sure you understand the assumptions of each plan.
Income earned by one spouse can be used to fund retirement accounts for both spouses.