ADVENTURES, CHALLENGES, AND INSIGHTS OF A COUPLE IN EARLY RETIREMENT
Roth conversions this year can be a great way to save on taxes later. Our money has to last for the next 30 to 40 years and fund our roving retirement lifestyle. So, I spend considerable time thinking about ways to save on taxes.
In the previous IRA article we discussed how to use Traditional and Roth IRAs as part of your retirement savings. In this article we discuss the advantages of converting money from a Traditional IRA to a Roth IRA during your LivingChapter 2.
I have spent a lot of time over the last few years thinking about ways to maximize my savings and minimize my tax liability. After much reading and talking to others, I think I understand how a Roth IRA can help you and me with savings and taxes.
My friend Beth mentioned that she was concerned with potential scam artists trying to take advantage of her parents. Her parents are in their 80’s and starting to show short-term memory loss. As a result, they sometimes get confused when bills come and don’t always pay them or pay them twice.
Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen. Think about it before investing.
