Thoughts on Roth conversions
Q: I am 64 years old and recently retired. My 401(k) plan is worth about $1 million and I have about $500,000 in taxable...
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Income inequality, taxation and redistribution
As a financial planner, I constantly look for ways to explain important economic ideas that are accurate and easy to...
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Getting smart about leasing cars
Q: I’m thinking about getting a new car. I have always paid cash for my cars, but the car dealer is trying to talk me...
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Should I buy life insurance for my child?
Q: My wife and I have been married for two years and we just had our first child. A friend of mine sells life insurance...
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Will applying for HELOC hurt my credit score?
Q: I am thinking about applying for a home equity line of credit. I don’t think I will draw on it frequently, but I may...
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New standards for better financial advice
How honest is your financial advisor? It is a question worth asking. While most advisors are honest and ethical, a bad...
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How to give money to your kids
Q: My wife and I would like to give some money to our children to help them prepare to inherit our wealth, but we aren’t...
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How much can I take from my 529 plan?
Q: My daughter recently started her first year at the university. This is turning out to cost a lot more than we...
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Concerns about the SECURE Act of 2019
Last May, the House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019,...
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Should I exchange my variable annuity?
Q: Several years ago, I went to roll over a CD at my bank. While I was there, the gentleman suggested I talk with the...
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Early withdrawals from retirement accounts
The tax advantages of retirement accounts—IRAs and 401(k)s—come with significant strings attached. On the one hand, the...
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Beware the joint tenancy trap
As parents age, families sometimes struggle with how to best keep their parents’ financial affairs in order. One common...
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