According to a 2018 survey, about two thirds of people have less than $100,000 saved for retirement. Bruce and Peg talk about how you can avoid being a part of that majority on this episode of Your Money.
Questions Answered Include:
- I’m calling on behalf of my mother who is about to turn 60 and just retired. She has a small pension and just sold her house and has about $60,000 worth of assets. She’s going to get SS in the future and she could probably live off of Social Security and her pension, but as far as the rest of her assets, I was looking at putting them into a Roth IRA.
- I am 84 years old and years ago was told I am too old to convert an IRA to a Roth. I’m wondering if that’s true, am I too old to do that?
Featured Segment: Save Early and Often