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Here’s how a Roth IRA conversion could help after a tough year This special retirement account could be a wise investment when the economy is shakey Tags:  DETROIT – The COVID pandemic has impacted nearly everyone’s finances, but outside of that misfortune may be a silver lining. With many experiencing loss of jobs and/or businesses and lower income this year, the pandemic has forced us to take a closer look at our finances and consider new options to save money -- and a Roth IRA conversion might just be what the doctor ordered. You might be able to help yourself by taking invested ass...

Year End Money: Making better investments in 2021 Diversify to better stabilize your portfolio Tags:  DETROIT – 2020 has been a unique year with the pandemic, and yet the stock market has done well. So what are the investment prospects for 2021 and what should you do to protect the money you have already saved? It’s been more than a decade since the great downturn and auto company bankruptcies, and investors have become used to rising markets again. It’s always a good idea -- as we head into a new year -- to remind everyone that yes, you should invest, be careful and to remember the fi...

Here are benefits to refinancing your mortgage Updated:  Tags:  While your mortgage interest is tax deductible, a lower mortgage payment or cutting back on the number of years on your note is a great idea if you haven’t done so recently. Nathan Mersereau, certified financial planner and CEO of Planning Alternatives, said rates this low make it imperative to at least look into financing. “Right now, they’re at historic lows. If you have the opportunity to refinance, lowering your monthly mortgage payment is going to save you money that you can immediately put in your pocket or apply to...