Introduced in 1998, the Roth IRA revolutionized retirement saving, offering tax-free investment growth. Over the last 25 years, limits increased, income caps adjusted, and conversion rules eased, making it attractive to savers at all levels. Now, investors have five avenues to leverage Roth accounts for tax-free compounding.
Retiring abroad does create complex personal finance issues regarding cross-border payments, investments, taxes, and healthcare decisions. This is the 2nd part of our previous piece.
Retiring abroad does create complex personal finance issues regarding cross-border payments, investments, taxes, and healthcare decisions.
This is among the most common questions we receive from clients, many of whom are either already retired or nearing retirement. It is an important issue and one that often prompts investors to seek out professional help from an advisor.
Whether you're embarking on the quest for a financial adviser for the first time or have been working with one for years, it's beneficial to grasp the primary categories and what these professionals can offer you.
QCDs (Qualified Charitable Distributions) are not widely utilized but can be very beneficial to taxpayers aged 70 1/2 or older, who are charitably inclined and carry high IRA balances.