Post Tagged with: "savings"

How Much Should I Save for Retirement?

How Much Should I Save for Retirement?

I’m often asked, “How much should I save for retirement?” My standard answer, based on certain assumptions, is that you should save 15% of your take-home pay for retirement over your working career. As your situation varies, you must adjust your safe savings rate.<./p>

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The Absolutely Last Chance for a Massive Roth Conversion

The Absolutely Last Chance for a Massive Roth Conversion

A tax tsunami is coming at the end of this year. The higher your adjusted gross income (AGI), the closer you live to the coast where the tsunami will hit. This will be your last opportunity to safeguard your assets in a lifeboat and avoid getting swamped with taxes. If you have an income over $100,000, this is the first year you can take money from your traditional IRA, pay tax as though that money is ordinary income and convert it to a Roth IRA. This procedure is called a “Roth conversion.”

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Debt, Uncertainty and Volatility in 2011

Debt, Uncertainty and Volatility in 2011

The world markets groaned as the burden of the rising American debt and the European deficit weighed down more productive countries. European authorities sought to avert a Greek default on their watch without promising to engage the same heroics for Italy. And in the United States, politicians kicked the can down the road, blaming everything except excessive spending.

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