Investments

With Congress looking to rein in Roth conversions, the tax-saving option could go away Many Americans are using a previously little-known tax method to boost their savings. Now, the government is trying to stop it. The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances…

Taking a distribution from a tax qualified retirement plan, such as a 401(k), prior to age 59 ½ is generally subject to a 10 percent early withdrawal tax penalty. However, the IRS rule of 55 may allow you to receive a distribution after attaining age 55 (and before age 59 ½) without triggering the early penalty…

You’ll probably need more money than your Social Security benefits to maintain a comfortable lifestyle in retirement. Those benefits will only replace about 40% of your pre-retirement income if you’re an average earner, and most seniors need access to a lot more money than that. That’s where your personal savings come in. Many people have…

With the right strategy, you can make a lot of money in the stock market with minimal effort. Key Points Long-term investing can help you generate wealth over time. Even if you’re new to the stock market, there are ways to make a lot of money with little investing experience. Whether you’re new to the…

4 Secrets to Beating the Average Investor The average investor likely has a less-exciting future than you do. You’re poised to develop confidence in your investing skills, build wealth in your retirement account, and reach your financial goals. The typical investor, sadly, might struggle to generate wealth momentum over the long term. Your financial future…

It’s obvious to anyone who owns or considers buying Bitcoin that the leading cryptocurrency is volatile. For loyal fans, its sharp swings are a small price to pay for the joining a juggernaut poised to dominate the world of global finance. But a close examination of precisely how wildly and crazily Bitcoin’s price careens—even in the same trading…

Rebalancing can help retirees produce a stream of income from a diversified portfolio of stocks and bonds, and reduce risk Here is something retirees ignore at their peril: Portfolio rebalancing, a simple technique that calls for periodically skimming profits from winners and plowing the proceeds into losers. Rebalancing is a good idea at any age.…