My wife and I have a sizable estate with $10 million - are we wrong for being nervous to leave our children a large inheritance?Teaching children about money prepares them to manage future inheritances effectively.Delaying access to inheritance can prevent children from benefiting if they pass away before accessing funds.
Has anyone maxed out their 401(k) for over 20 years - what's the secret to their success?The value of managing a 401(k) over time can lead to significant retirement savings, but strategies vary widely among financial advisors.
I made a huge mistake with my 401(k) and incurred a $300k tax bill - am I totally stuck?The OP mistakenly converted $740,000 from a 401K to a Roth IRA, leading to a $300,000 tax bill due to lack of understanding.
I made a huge mistake with my 401(k) and incurred a $300k tax bill - am I totally stuck?Converting a 401k to a Roth IRA can incur hefty tax bills that can't be easily fixed, urging caution and professional advice.
I made a huge mistake with my 401(k) and incurred a $300k tax bill - am I totally stuck?The OP mistakenly converted $740,000 from a 401K to a Roth IRA, leading to a $300,000 tax bill due to lack of understanding.
I made a huge mistake with my 401(k) and incurred a $300k tax bill - am I totally stuck?Converting a 401k to a Roth IRA can incur hefty tax bills that can't be easily fixed, urging caution and professional advice.