The following is a guest post is by Professor William Birdthistle, author of the new book, “Empire of the Fund: The Way We Save Now". You can find out more about Professor Birdthisle and his book at EmpireOfTheFund.com. Empire of the Fund is an examination of the way we save now. For a video précis of the book, here is a short trailer: Over the past thirty years, America has embarked on a grand experiment – perhaps the richest and riskiest in our financial history – to change the way we save money. The hypothesis … [Read more...] about Three Solutions to Save Our Savings – Empire of the Fund
Your retirement account is most likely the most important investment account you’ll ever have. The reality is that we work incredibly hard to retire; spending the vast majority of our lives working and saving so that we can enjoy our golden years. However, in times of geopolitical risk, unrest, and war, several people lose everything they’ve worked for; forcing them to work long into their retirement years. The threat that geopolitical risk and unrest is becoming to retirement investments and how converting your 401k retirement plan and … [Read more...] about Is Geopolitical Risk A Danger To Your Retirement?
A reader recently wrote in with the following question about converting a 401k retirement plan to a Roth IRA and the tax consequences. Should you pay for the taxes when converting a 401k retirement plan to a Roth IRA from the proceeds of your plan? The short simple answer is no! You should not pay for your taxes from money that was in your retirement plans during a Roth conversion. Taxes On Your Roth Conversion You will have to pay taxes when you convert a 401k retirement plan to a Roth IRA. If you use money that was once in your 401k … [Read more...] about Should You Pay Taxes For Your Roth Conversion From Investments?