Ed Slott, a well-respected authority on IRAs, published an article this month in Financial Advisor Magazine titled: “When Roths May Not Be Right”. In it he gives a dozen reasons why Roth conversions may not be a good idea. And we agree with overall message. As with most strategies, there are always some drawbacks.
When planting a garden, one of the first things you do is decide what you want to eat.
You carefully prepare the soil, plant your seeds, provide enough water and sunlight and try to keep the weeds and other critters out to ensure the best harvest.
Doing these steps gives you the best outcome and highest yield.
With the cost of a college education continuing to rise, it is becoming much more important for one to have a college plan. If one has a toddler and discretionary income, saving for college is the way to go. With time on your side, a systematic investment plan over time can do wonders in helping fund a college education.
In the 2008 movie WALL-E mankind has left earth behind because it has become covered with trash from products sold by the Buy ‘N Large Corporation. WALL-E has been left behind to clean it all up. In one part of the movie, humans arrive at earth in a giant space ship. On board they ride around a space resort on hovering chairs watching screens and videos all day.
Many of you know of the program I oversee and help run through Dana Farber Cancer Institute. It is a pro bono financial coaching program for patients that are struggling financially due to the complexities a cancer diagnosis can bring to a family.
I was personally helping such a family when bad turned to worse.