The Obama administration is going after a host of perceived rip-offs with the new rules it's unveiling Wednesday for brokers who recommend investments for retirement savers.
Q. I’m going to retire next year, and I have a traditional IRA worth $260,000 that I’m thinking of converting to a Roth. I don’t think I will need the money during my retirement, so I love the idea of giving a tax-free gift to my kids. What should I consider?
Q. I have an individual 401(k). What’s the best way to make contributions — as the employer or as the employee? Which is more beneficial for my taxes? I earn about $100,000 a year from my business.
You may be planning to work until you are 65, then head south where you can spend your days on the beach or on the golf course. But life may have other plans, and you may be forced into retirement earlier than expected -- and that could send your plans into a tailspin.