A 401k is often one of the largest assets for retirees. A Roth conversion is one strategy some retirees consider to help manage future taxes and Medicare premiums. What is a Roth conversion? Money moves from a traditional 401k or IRA to a Roth IRA. Taxes are paid on the […]
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The market went from trading purely on sentiment, to trading based on the strong underlying fundamentals in just two weeks. Once the Iran conflict uncertainty began to fade, focus returned to strong corporate earnings growth. The retreat in oil prices lessened concern about oil shock inflation, and interest rates have […]
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Today’s market rally based on news that the Iran conflict may end soon, is the best one day move since May of last year. Typically when we are in a market correction, any bounce may get sold as part of the bottom testing that has to happen before a recovery […]
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The 15% savings rate is a widely used benchmark in the industry. Fidelity suggests that saving approximately 15% of income annually (including employer contributions) may help individuals work toward a retirement that replaces a portion of their pre-retirement income. Current Savings Rates (Recent Industry Data) Fidelity’s Q4 2025 Retirement Analysis […]
Read More The DJIA was down just over 1000 points about 45 minutes into the trading day, but then completely reversed to close up 239. All major indicis completed a major intra-day reversal even before the quote that the Iran conflict was close to being finished. The Nasdaq100 bounced off the last […]
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The One Big Beautiful Bill Act (OBBBA), signed in 2025, gives taxpayers 65 and older an increased standard deduction through 2028. Married filing jointly with both spouses 65+: extra $6,000 each, total $12,000 added to the base standard deduction. Single filers 65+: extra $6,000. No itemizing needed. Key planning considerations: […]
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