Should inflation delay your retirement plans? The chief retirement strategist at J.P. Morgan, Katherine Roy, offers useful perspective. Estate plans don’t always follow your wishes. You can help make sure yours does by following these five tips from estate planning attorney Richard Ricciardi. This may be the right time for you to consider a Backdoor Roth IRA. Tax expert Kelley C. Long, CPA/PFS, CFP®, explains how this type of IRA can benefit you.

Inflation Is Rising, But It’s Less Likely To Hurt Some Retirees — Here’s Why — Inflation has pushed one-quarter of Americans to delay retirement, a recent survey from BMO Harris Bank found. But spending changes throughout people’s golden years may reduce the impact of some rising costs. That’s according to J.P. Morgan Asset Management’s 2022 Guide to Retirement. Read more…

Estate Planning: 5 Tips to Pick Trustees, Executors and POAs — The decisions on who would be best to carry out your wishes aren’t always clear-cut, and it’s easy to make a mistake. So before you name the agents for your estate planning documents, take these five tips into consideration. Read more…

Is A Backdoor Roth IRA Right For You? Consider These Pros And Cons — Down markets offer additional Roth conversion opportunities for anyone with a pre-tax IRA wishing to lock in a potentially lower tax rate on their savings with strategic tax bracket planning.  Personal finance expert Kelley C. Long, CPA/PFS, CFP®, explains whether you should consider a Backdoor Roth IRA. Read more…

 

John R. Day, Bill Ennis, and Matt Heller

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