Personal Finance Advice and Commentary

Monday, February 23, 2015 7:00 am
By Dr. Don Taylor ·

The Roth IRA and the Roth 401(k) are funded with after-tax dollars, but qualified distributions are tax-free in retirement.

Sunday, February 10, 2013 6:05 am
By Jennie L. Phipps ·

New laws make it easy to convert to a Roth 401(k), but about half of employers don’t offer them.

Wednesday, January 02, 2013 6:00 pm
By Jennie L. Phipps ·

Congress has loosened the rules regarding Roth 401(k) conversions. Does it make sense for you to convert?

Friday, October 12, 2012 4:18 pm
By Barbara Whelehan ·

A new study shows Americans are making good progress toward their retirement savings. But there is still a lot of room for improvement.

Wednesday, July 13, 2011 4:14 pm
By Jennie L. Phipps ·

Texas financial planner Steve Orr, author of “The Noisemakers, Why They Keep Losing Your Money and How to Make It Stop,” sent over this analysis of the cumulative cost of everyday spending and its impact on retirement savings. It made me feel guilty — so I thought I’d share. Orr writes: “Eliminating daily expenses can

Sunday, November 07, 2010 10:00 am
By Jennie L. Phipps ·

Converting from a traditional 401(k) or 403(b) to a Roth 401(k) or 403(b) can be a very good retirement planning move if you think that you are in a lower tax bracket today than you will be when you retire. For instance, if you are unemployed and if you can afford to convert this year

Thursday, November 04, 2010 3:37 pm
By Jennie L. Phipps ·

The recently signed Small Business Jobs Act contains a provision that permits converting traditional 401(k) or 403(b) retirement accounts into Roth 401(k)s or 403(b)s. The bill was signed in late September and the specifics of it aren’t yet totally clear. For instance, the IRS hasn’t decided exactly which portions of your 401(k) that were contributed by your

Sunday, October 24, 2010 10:00 am
By Jennie L. Phipps ·

We’re nearing the end of the year and now’s the time to think about taxes while you can still do something about your tax situation. Factoring taxes into your retirement planning can make a big difference. Rick Rodgers, a financial planner and author of a new book on retirement, “The New Three-Legged Stool,” points out