Personal Finance Advice and Commentary

Wednesday, June 20, 2012 12:26 pm
By Jennie L. Phipps · Bankrate.com

Some tax and other legal changes have encouraged corporations to look for ways to unload their liability for pensions onto an insurance company.

Tuesday, April 03, 2012 9:50 am
By Jennie L. Phipps · Bankrate.com

Retirement planning isn’t easy. Don’t assume. Assuming without doing the math is a big mistake.

Here are some retirement assumptions that may be true but are just as likely — based on your numbers — to be wrong.

A Roth IRA or 401(k) will save you money in the end. Before you switch or convert your current account, do the math. For young people with their highest-earning years ahead of them, choosing a Roth individual retirement account, or IRA, will almost certainly pay off. But if you are currently in your highest-earning years, skipping the tax break now is likely to turn out to be a costly mistake. Get your accountant to make some projections before you make up your mind.