Taking Social Security News Today

Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The answer may depend on how you go about it. A Roth conversion can provide some sizable advantages, including tax-free withdrawals and freedom from mandated distributions – but that doesn't mean it's always […] The post I'm 65 Years Old With $1.2 Million in an IRA. I'm Taking Social Security – Is It Too Late to Convert to a Roth...

If you’re 65 years old and collecting Social Security, you may wonder if it’s too late to convert your $750,000 traditional IRA into a Roth IRA. The short answer is no – there are no legal restrictions to Roth conversion based on age or income. Practically, however, the decision involves carefully weighing tax implications, healthcare […] The post I'm 65 Years Old With $750k in an IRA. I'm Taking Social Security – Is It Too Late for a Roth Conversion?...

Baby boomers wondering about the future of Social Security and deciding what to do about it may want to start by asking themselves one question: "Should I really be worried about cuts to Social...

Baby boomers wondering about the future of Social Security and deciding what to do about it may want to start by asking themselves one question: "Should I really be worried about cuts to Social...

Forty-two percent of Americans plan to file for Social Security early while continuing to work, according to a July 2022...

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It can be a helpful exercise to calculate your Social Security benefits in a variety of scenarios.

When you’re looking at the fast-approaching years of your planned retirement, you may be thinking about how much you’re ...

Taxes will still be a part of life after you retire, but here's how to keep more money in your pocket.

Here’s a look at situations where it makes sense to claim early, and some situations where it doesn’t.