Brandon Renfro

Balancing Roth and pre-tax accounts is mostly about comparing your current and future tax rates. There are other factors to consider as well.

When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof? -Randy There are a couple of things to be … Continue reading → The post Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire? appeared first on SmartAsset Blog.

I'm 55 and would like to retire now with a $3 million total net worth. I'm assuming my net worth will grow, on average, 5% until I’m eligible for Social Security. My house is paid off and my lifestyle is simple. I can live with $5,000 per month. Am I making the right decisions? – […] The post Ask an Advisor: I'm 55 With a $3 Million Net Worth and $5k in Monthly Expenses. Can I Retire Now? appeared first on SmartReads by SmartAsset.

‘ s 401(k) because I'm not sure it's the best decision. I'm thinking of transferring funds into a Roth IRA but I'm afraid it will affect our tax bracket because I'm sure we will have to pay the IRS.

I'm single, 85 years old and I need a financial estate planner, as well as an attorney for a will.

Because of our income bracket – we make over $350,000 per year – we cannot contribute to a Roth anymore. We're 61 and 62, and planning to work until at least 67. Do we qualify to convert our 401(k)s into Roths a little at a time or do we have to wait until we retire? […] The post Ask an Advisor: We Earn $350K+ Per Year and Can't Contribute to a Roth IRA. Do We Have to Wait Until We Retire to Do Roth Conversions? appeared first on SmartReads by SmartAsset.

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Like any tool, the usefulness of a trust depends on the job you need it to do. For some retirees, it can simplify estate administration, preserve privacy and make it easier for loved ones to manage affairs during incapacity. For others, it may add complexity without providing significant additional value.

I'm trying to nail down what metrics I should use to evaluate how well my retirement account is being managed. I've vetted the company that "actively" manages my account. I have $1.5 million invested in a 50/50 mix of stocks … Continue reading → The post Ask an Advisor: I Have $1.5M Invested With My Advisor and I Pay a 0.75% Fee. How Do I Know If I'm Getting the ‘Best Bang for My Buck?' appeared first on SmartAsset Blog.

Stock market returns under Trump and Biden have reflected sharply different economic backdrops.