Converting to a Roth IRA

Converting to a Roth IRA. We will look at:

• the factors in your decision,
• what it might cost, and
• provide some general guidelines to help you determine if converting to a Roth IRA is a good idea.

The Roth IRA is one of the greatest retirement savings programs ever created. You make after-tax contributions. Your money compounds tax free for your retirement. Contrast this to the old way of doing things. You get a tax deduction for your contributions. Your money grows tax deferred. When you retire and use it for income, 100% of those distributions are taxed.

You can convert your existing IRA to a Roth IRA. This means you pay the taxes today, and the money then grows tax free over time. But should you?

To learn more and to see some charts and details discussed please visit:  https://flemingwatson.com/should-you-convert-to-a-roth-ira/

Pre-Tax 401k vs Roth 401k: Which should you use?

Pre-tax 401k or Roth 401k, which is better? This is a question we received from a listener. We dig into what goes behind your decision and nerd out the math.

To learn more and see the charts we used in this episode, please visit:  https://flemingwatson.com/pre-tax-401k-or-roth-401k/

How Will Inheriting money Impact Your Income Taxes?

How will inheriting money impact your income taxes? This is a common question we hear from both the heirs and the people leaving the money. Today we talk about the basics of retirement accounts, Roth IRA's, and other types of accounts.

To learn more, please visit: https://flemingwatson.com/how-does-inheriting-money-impact-your-income-taxes/

The Social Security Quiz. How Much do You Know?

To learn more, visit: https://flemingwatson.com/the-social-security-quiz/

How Does Retiring at 55 Impact Your Social Security?

How does retiring at age 55 impact your Social Security benefits? Today we have an example created using Social Security's detailed calculator.

A 45-year-old couple wants to retire in 10 years. Part of the planning process looks at how retiring at 55 impacts their Social Security benefits.

To get a copy of your earnings record, please visit: https://www.ssa.gov/myaccount/

To learn more, please visit: https://flemingwatson.com/how-does-retiring-at-55-impact-your-social-security/

4 Things to Help You Plan For the Worst

Today, we are talking about four things that everybody needs to do to help plan for the worst. "The worst" means your death or becoming incapacitated. These steps will help your loved ones move forward more efficiently.

Some of this involves legal documents, and we are not attorneys. We cannot offer you legal advice. We are sharing some of our experiences to make it easier for people to handle these situations.

To learn more, please visit:  https://flemingwatson.com/4-things-to-help-you-plan-for-the-worst/

How can a 100-year Flood Help you Plan for A Better Retirement?

How can a 100-year flood help you prepare for a better retirement?  We will show the impact a generational event can have on a retirement account.

To learn more, please visit: https://flemingwatson.com/how-can-a-100-year-flood-help-you-plan-for-a-better-retirement/

5 Lessons From the Bear Market

One year ago, on March 23, the S&P 500 closed at its bear market low. Today, we are going to talk about five lessons we can learn from that bear market event.

To learn more, please visit:  https://flemingwatson.com/5-lessons-from-the-bear-market/

10 Percent Doesn’t Necessarily Mean 10 Percent

When it comes to stocks, ten percent doesn't necessarily mean ten percent. We will explain this and how setting reasonable expectations can make you a better investor.

To see the graphs we use in this episode and learn more, visit: https://flemingwatson.com/10-percent-doesnt-mean-10-percent/

Retirement Anxiety

Retirement anxiety. It is the nervous feeling you get in the pit of your stomach when you start to think about your retirement. We'll talk about one of the best ways to ease that stress.