Do You Have $1M in Tax-Deferred Investments?, Five Things I Wish I’d Known Before I Retired, Prepare for Retirement’s Evolution

Six Reasons a Roth IRA Conversion Makes Sense | How to Teach Young Adults How to Manage Great Wealth | Do You Have $1 Million in Tax-Deferred Investments? Created for {EMAIL} | [Web Version]( January 3, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Saving for Retirement [] [Six Reasons a Roth IRA Conversion Makes Sense]( [Six Reasons a Roth IRA Conversion Makes Sense]( (Getty Images) Avoiding higher taxes in retirement, having no RMDs and leaving your heirs a tax-free inheritance are just some of the reasons to [switch to a Roth IRA](, according to CFP Kevin Webb. [] Family Matters [] [How to Teach Young Adults How to Manage Great Wealth]( [How to Teach Young Adults How to Manage Great Wealth]( (Getty Images) Wealthy families can use these planning strategies from financial expert Alvina Lo to help their children learn the importance of responsibly [managing their wealth](. [Earn $200 After Spending $500]( Spend $500 and earn $200 with these cards. Unlimited cash rewards. Start racking up huge rewards. [LEARN MORE]( ADVERTISEMENT [] Financial Planning [] [Do You Have $1 Million in Tax-Deferred Investments?]( [Do You Have $1 Million in Tax-Deferred Investments?]( (Getty Images) If the answer is yes, then this article by CFP Joe F. Schmitz is for you. Find out how you can [keep more of that $1 million]( for yourself and away from Uncle Sam. Featured Content Sponsored Content from Kiplinger Advisor Collective [Join the Kiplinger Advisor Collective Today]( Are you a seasoned financial professional with a wealth of experience waiting to be shared? Do you dream of expanding your influence within the industry and connecting with like-minded peers? The Kiplinger Advisor Collective is the ultimate platform for personal financial experts like yourself. [Find out more](. [] Retirement Planning [] [Are You Prepared for the Evolution of Retirement?]( Retirement in the past was a much shorter period, but it could potentially be a full half of your life in the future. How do you plan for that? Financial consultant Brian Skrobonja explores this issue. [Read More]( [Have This Much Money? You May Want a Financial Advisor]( Money can't buy happiness, but research finds that if you have this much in household assets, hiring a financial advisor could help heighten your satisfaction levels. Just how much money do you need? [LEARN MORE]( ADVERTISEMENT [] Retirement Management [] [Five Things I Wish I'd Known Before I Retired]( Not only can these insights from investor advocate Pam Krueger save you a boatload of stress later in life, but they can help ensure that you have a happy retirement. [Read More]( [Benefits of Compound Growth, Put time on your side.]( Compound interest makes your money grow faster because interest is calculated on the accumulated interest over time as well as on your original principal. Compounding can create a snowball effect, as the original investments plus the income earned from those investments grow together. Choices like REITs and dividend stocks can net you a higher return with reinvested dividends. [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - [Automakers' added subscription fees]( raise legal questions - Are you ready for the [Corporate Transparency Act](? - Where to start financially after a [life-changing diagnosis]( - For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, [bank on Kiplinger Investing for Income]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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