Here are two hypothetical examples of Roth conversions made at different times that show a stark difference in what could be left for your beneficiaries.

Wealthy Americans would lose some of the tax perks they can currently access through various retirement savings accounts under the budget recently proposed by President Joe Biden.

Every type of financial vehicle has its own unique characteristics, including how it grows, how it's taxed and what it's used for. When setting up a retirement strategy, your financial advisor will begin by looking at two parts: how money goes in and how it comes back out.