Brandon Renfro

I'm single, 85 years old and I need a financial estate planner, as well as an attorney for a will.

Because of our income bracket – we make over $350,000 per year – we cannot contribute to a Roth anymore. We're 61 and 62, and planning to work until at least 67. Do we qualify to convert our 401(k)s into Roths a little at a time or do we have to wait until we retire? […] The post Ask an Advisor: We Earn $350K+ Per Year and Can't Contribute to a Roth IRA. Do We Have to Wait Until We Retire to Do Roth Conversions? appeared first on SmartReads by SmartAsset.

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Like any tool, the usefulness of a trust depends on the job you need it to do. For some retirees, it can simplify estate administration, preserve privacy and make it easier for loved ones to manage affairs during incapacity. For others, it may add complexity without providing significant additional value.

I'm trying to nail down what metrics I should use to evaluate how well my retirement account is being managed. I've vetted the company that "actively" manages my account. I have $1.5 million invested in a 50/50 mix of stocks … Continue reading → The post Ask an Advisor: I Have $1.5M Invested With My Advisor and I Pay a 0.75% Fee. How Do I Know If I'm Getting the ‘Best Bang for My Buck?' appeared first on SmartAsset Blog.

Stock market returns under Trump and Biden have reflected sharply different economic backdrops.

Investing in a hedge fund can offer positive returns, but it's up to investors to understand the complexities and risks involved. Hedge funds are known for diverse strategies, including leveraging,

I want to do a Roth conversion from my traditional IRA in the amount of $250,000. It’s my understanding that I have to pay the income tax on the $250,000. Can that tax be paid from the funds in the IRA or do I have to pay the tax outside of the IRA? – Kevin […] The post Ask an Advisor: I’m Going to Do a Roth Conversion on $250k. Can I Use the Converted Funds to Cover the Taxes? appeared first on SmartReads by SmartAsset.

I'm currently 40, and my existing 20-year term policy for $250,000 will expire at age 53. I also have about $100,000 in coverage through my employer, which I would lose if I switched jobs. My partner is disabled, unable to … Continue reading → The post Ask an Advisor: Do I Need More Life Insurance? I'm 40, My Partner's Disabled and I Can't Rely on My Current Life Insurance Policies Forever appeared first on SmartAsset Blog.

When it comes to managing your retirement savings, an indirect rollover is one of the tools available to you.