Financial Advice for Retirement, Social Security, IRAs and Estate Planning


Retirement Watch’s Bob Carlson shares his best strategies for maximizing your IRA’s investments and tax savings.

Found 44 Articles.
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What’s the Best Option for a Spouse Inheriting an IRA?

December 8, 2017

As we discussed last week, the rules for a spouse inheriting an IRA are murky, at best. The best option? That usually depends primarily on the spouse’s age. Here’s why. When the surviving spouse is under age 59½, the 10% penalty on early distributions applies to any money taken from a spousal rollover IRA. Remember that […]


What Every Spouse Needs to Know About Inheriting an IRA

December 1, 2017

Many mistakes are made with inherited individual retirement accounts (IRAs). The rules aren’t straightforward or intuitive, so people often make the wrong decisions, resulting in thousands of dollars of taxes unnecessarily paid to the Internal Revenue Service (IRS). Bottom line: Your loved ones need to know what to do when they inherit an IRA. Knowing […]


How to Make the Most of Your 401k Plan for a Wealthier Retirement

October 27, 2017

Rollovers from 401(k) accounts are the main reason IRAs are among the most valuable assets many retirees own. When people leave a job, for either a new one or retirement, they often roll over the 401k balance to an IRA. To maximize the value of your IRAs in retirement, you need to maximize 401k account […]


IRA Mistakes & Opportunities [Case Studies]

October 20, 2017

Individual retirement accounts (IRAs) become more complicated as balances increase and distributions are taken. It’s good to know some key rules so you won’t trigger additional taxes and penalties or miss some grand opportunities you didn’t know were available. Examples of people making IRA mistakes come my way almost every day in court cases, IRS […]

The 6 Biggest Risks to your Retirement

What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up with. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here for free access.


How to Protect Your IRA from Creditors

September 1, 2017

How safe is your IRA? Your assets could be at risk… from several directions. There is always the potential for a downturn that reduces cash flow from your job, business, or investments. Creditors could then seek payment from your personal assets. Lawsuits are another risk. Some occupations, such as being a doctor, carry high risks […]

IRA Contributions

Understanding the Rules of IRA Contributions

September 2, 2016

Contributing to an individual retirement account (IRA) is an action that every account holder should be familiar with and comfortable doing.  While, on the surface, contributing may seem like a simple enough part of managing an IRA, it is actually an incredibly important pillar of the retirement finance sector. As an experienced IRA owner can […]


Nine Important Things to Know about Contributing to IRAs

August 4, 2016

Individual retirement accounts (IRAs) offer a great way for an investor to prepare for the future. However, IRAs also can be potentially confusing, while requiring attention from investors who often may prefer to spend minimal time and effort. The following tips are intended to help you and other investors manage an IRA account successfully. What […]


Avoiding Expensive IRA Mistakes

April 3, 2016

IRA rules and strategies can be more complicated once the early contribution and accumulation years are behind us. There are various tricks and traps in the IRA rules, and there are strategies for maximizing IRA values that aren’t intuitive. […]

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