Zombie Mortgages Haunt Property Owners, How a Backdoor Roth IRA Works, How to Prevent Retirement Regret

What to Know if You're a DIY Retirement Planner | How a Backdoor Roth IRA Works (and Its Drawbacks) | Zombie Mortgages Come Back to Haunt Property Owners Created for {EMAIL} | [Web Version]( June 23, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [What to Know if You're a DIY Retirement Planner]( [What to Know if You're a DIY Retirement Planner]( (Getty Images) While saving is a huge part of retirement planning, [tax efficiency and estate planning]( can be just as important, especially once you actually retire, according to financial planner Joe F. Schmitz Jr. [] In Case You Missed It [] [How a Backdoor Roth IRA Works (and Its Drawbacks)]( [How a Backdoor Roth IRA Works (and Its Drawbacks)]( (Getty Images) High earners can get around income limits on Roth IRA contributions by converting other IRA accounts to Roths, but there are some caveats. Financial professional and attorney Bruce Willey details [how backdoor Roth IRAs work](. [Vanguard vs. Fidelity vs. Schwab]( Who are you partnered with? It's no secret these could be considered three of the most popular brokerage firms. But they stack up slightly differently when it comes to fees and their specific suite of services. Learn more about who should work with Vanguard, Fidelity, and Schwab. [See the comparison]( ADVERTISEMENT [] Real Estate [] [Zombie Mortgages Come Back to Haunt Property Owners]( [Zombie Mortgages Come Back to Haunt Property Owners]( (Getty Images) Consumer advocate and attorney H. Dennis Beaver shares what to do if a letter from a law firm arrives out of the blue to warn you that [you could lose your house]( over a mortgage you thought was long dead. [] Saving for Retirement [] [Annuities and Tax Planning Boost Retirement Income]( Smart planning takes advantage of the tax benefits of lifetime income protection through annuities. But wait, investment adviser Jerry Golden writes, there's more. [Read More]( [Strategies to Minimize Your Tax Burden]( Making your savings last and keeping your taxes low takes planning and attention. Our advisors can help you save time and earn more. [LEARN MORE]( ADVERTISEMENT [] Retirement Management [] [Four Ways to Prevent Feeling Regret in Retirement]( Financial professional and attorney Patrick M. Simasko acknowledges that making financial plans for decades into the future can be daunting, but focusing your efforts is key to achieving freedom, financial and otherwise, in your golden years. [Read More]( [Prepare For Retirement Using a Dividend Growth Investment Strategy]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [How IRAs impact Social Security]( Traditional IRAs impact Social Security in certain cases. Some IRA distributions count as income that could lower your benefits. [Sending your child to college? Three financial preparations]( With big changes ahead, parents should ensure that they can help their kids and access important information if necessary. [If you own a business, beware of false friends]( These words don't mean what you might think they mean in another language. Some brands have learned that lesson the hard way. 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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