Q: I enjoyed your recent column on Roth IRAs. I’m looking into converting my 401(k) to a Roth in 2010 (when rules on adjusted gross income for Roth contributions will be eliminated). I am 66. Does the 5-year waiting period for withdrawing funds apply? – F.G., Palm Coast, FL A: If you want to shift dollars [...] [...more]
My recent column on long term care prompted an impassioned response from a reader who became caught in an insurance nightmare after she and her husband purchased a policy some years ago when long term care insurance was a far less mature market than it is today. The couple’s carrier turned over several times and [...] [...more]
You’ve done a good job saving for retirement. You’ve got your living expenses covered, with something left over for some travel and fun. Just one thing: Did you remember to plan for long-term care? It’s no fun to talk about, but the unfortunate truth is that many of us will have a need for long-term care [...] [...more]
Have you cranked the cost of long-term care insurance into your retirement plan? Along with out-of-pocket health care expenditures, the average 65-year-old couple will need to spend an additional $85,000 on premiums for long-term care insurance, according to Fidelity Investments research. Fidelity arrives at that number assuming a couple buying a long-term care policy at age [...] [...more]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
