Do Roth Conversions All at Once or as You Go?, Retirement Income Planning Is Evolving, Tackling Health Care Costs in Retirement

Gen X Retirement Mistakes for Millennials, Gen Z to Avoid | Five Steps to Sorting Out Your Asset Allocation | How You Can Tackle Health Care Costs in Retirement Created for {EMAIL} | [Web Version]( May 8, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Gen X Retirement Mistakes for Millennials, Gen Z to Avoid]( [Gen X Retirement Mistakes for Millennials, Gen Z to Avoid]( (Getty Images) Many Gen Xers haven't prioritized saving for retirement and face a crisis as the first generation to retire without substantial support from pension plans. Financial adviser Tiffani Potesta shares [how younger generations can do better](. [] Investing [] [Five Steps to Sorting Out Your Asset Allocation]( [Five Steps to Sorting Out Your Asset Allocation]( (Getty Images) Investing decisions can be daunting, but following this five-step process, courtesy of financial professional Carol A. Bogosian, can make it easier to figure out [how to allocate your investments](. [6 Things Not to Do When Selecting a Financial Advisor]( Working with a financial advisor can be a great first step to helping make sure you're on track to reach your retirement goals. But choosing the wrong one could wreak havoc. Check out these 6 things not to do when choosing a financial advisor, so you can work to potentially avoid years of stress. [See the list]( ADVERTISEMENT [] Health Care [] [How You Can Tackle Health Care Costs in Retirement]( [How You Can Tackle Health Care Costs in Retirement]( (Getty Images) Doctor visits and medications are only part of the challenge of health care costs -- there's also long-term care planning. Retirement planner Joel V. Russo offers suggestions for [what you can do](. Featured Content Sponsored Content from Kiplinger Advisor Collective [Expand Your Influence in the Financial Industry]( Join the Kiplinger Advisor Collective: the ultimate platform for financial experts. Network, build your brand, and share your expertise with readers. [Inquire Now]( [] In Case You Missed It [] [Roth Conversions: Do Everything at Once or as You Go?]( Two hypothetical examples of Roth conversions made at different times (all at once vs as you age) show a stark difference in what could be left for your beneficiaries. Financial adviser Mike Decker explains. [Read More]( [When Can I Retire?]( As you're deciding when to retire, you'll need to think about how much money you're likely to spend each year. Vanguard advisors are here to help investors like you make more informed and confident financial decisions. [LEARN MORE]( ADVERTISEMENT [] Saving for Retirement [] [The (R)evolution of Retirement Income Planning]( With AI on the horizon to enable the optimization of retirement income plan choices, investment adviser Jerry Golden shows how the retirement fortunes of retirees are about to improve. [Read More]( [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Three 'hidden costs' of health savings accounts (HSAs)]( HSAs offer valuable tax benefits, but the Consumer Financial Protection Bureau says hidden costs can erode those advantages. [Proposed change in Social Security could mean more money for retirees]( A proposed bill could change how the Social Security COLA is calculated, resulting in higher benefits for retirees. 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