If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash? Investors now need to start taking RMDs at age 73 or, if they were born after 1960, at age 75. Depending on the balances of […] The post Can I Use My RMDs to Transfer Money Into My Roth IRA? appeared first on SmartReads by SmartAsset.
When you think of legendary investor Warren Buffett, images of boardrooms, financial statements and investment strategies often come to mind. However, a different side of Buffett is revealed through interviews and personal anecdotes from his children Susie and Peter Buffett. In a 2017 Forbes interview, Peter Buffett sheds light on a relatable, grounded upbringing, dispelling myths of a lavish lifestyle often associated with wealth. “People have these projections of what life must have been like.
“She flipped the title on his car, sold all his furniture and told us that our dad didn’t leave me or my sister anything.”
As the baby boomer generation enters retirement, a growing number of them face unexpected financial challenges that threaten their retirement security. See: I Live On Social Security Only: Here's How...
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