Tired of trying to meet all the rules on traditional tax-deferred saving plans? Consider switching to a Roth IRA. Contributions to a Roth IRA are not tax-deductible. But, unlike a traditional IRA, you don't have to start taking money out (or stop putting money in) at age 70 1/2. And, after five years or age 59 1/2 (whichever is later), distributions to you and your beneficiaries will be income tax-FREE.
Read MoreHow would you like to turn your modest tax-deferred account into millions for your family? Depending on whom you name as beneficiary, you can keep this money growing tax-deferred for not only your and your spouse's lifetimes, but also for your children's or grandchildren's lifetimes. That can turn even a modest inheritance into millions.
Read MoreWhile you should start with the general premise that all titles and beneficiary designations should be changed to your living trust, there are a few assets that you may not want in, or cannot be placed into, your living trust. Here are some you may own.
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