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Which is the best way to handle an individual retirement account (IRA)? Let it sit and earn money, then pay taxes on the withdrawals in retirement? Or roll it over to a Roth IRA? Should I pay the taxes now … Continue reading → The post Ask an Advisor: Help Me Understand the ‘Best Way' to Manage an IRA. Is It Better to Pay Taxes Now or in Retirement? appeared first on SmartAsset Blog.

What is the benefit of having a trust versus a will? We own our home, have a rental property and we have no debt. My husband and I are retired and both have IRAs, over $500,000 in the stock market and approximately $100,000 in CDs. We have three grown children – one is a stepchild. […] The post Ask an Advisor: What’s the Benefit of Having a Trust vs. Will? We Own 2 Homes, Have IRAs and Another $600k in Assets appeared first on SmartReads by SmartAsset.

The Sunshine state is known for being a retirement haven, but things are changing, and now Florida is attracting a new cohort: rich millennials. While endless beaches and warm weather help young...

I am currently in a 12% tax bracket and attempting to convert as much money as I can to a Roth individual retirement account (IRA) without going into the next bracket. I am trying to do this to reduce my … Continue reading → The post Ask An Advisor: Can I Harness the Bear Market to Cut My RMDs and Tax Bill? appeared first on SmartAsset Blog.

Can my new wife draw on her ex-spouse's Social Security in any circumstance after remarrying? Specifically, during the one-year waiting period for my wife to collect on my record, can she collect on an ex-spouse's record? Or can my wife … Continue reading → The post Ask an Advisor: Can My New Wife Draw on Her Ex's Social Security? appeared first on SmartAsset Blog.