Roth IRAs

Retirees are advised to find gigs that suit them and have realistic expectations about the work they do.

More people are planning to wait to file for benefits, but just 25% are even aware of their full retirement age.

The accounting method can deliver attractive savings, along with protecting nature or farmland.

A couple who expects to earn a bigger income in the future is advised to convert part of their IRA into a Roth now while they are in a lower tax bracket.

Dependent care flex spending accounts can help clients mitigate child care costs, but also reduce tax credits otherwise available.

There are risks to this approach, however.

Here’s how to decide whether your client should select the traditional or Roth IRA to put away for retirement and boost their savings.

Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.

Education around these rules can prevent an increase in their tax bills.

These products are meant for short- and intermediate-term investing and should carry enough risk to grow and meet the goals over time.