You Can Now Save More For Retirement: Here’s Your 2022 401(k) Increase
Week’s Best: Roth IRA Conversions Are Hot
Many advisors are suggesting clients who make too much money to open or contribute to a Roth IRA move quickly to convert their traditional IRA into a Roth. It’s a time-honored strategy for higher earners, but proposed tax changes make a strong argument for converting at least a portion of clients’ retirement assets to a Roth now. The decades-old convention that taught investors to hold 60% of their retirement investments in stocks and 40% in bonds had a good run, but advisors are moving on.