Higher-income individuals who are not eligible to make a Roth IRA contribution can make an indirect “backdoor Roth contribution” by contributing to a non-deductible IRA and converting it.

For the past 20 years, there has been an increasing awareness of the importance and impact that market volatility can have on a retiree’s portfolio. Retirees are cautioned that they must either spend conservatively, buy guarantees, or otherwise manage their investments to help mitigate the danger of a sharp downturn in the early years.

The portion of a financial advisor’s fees allocable to investment management is actually not that different from robo-advisors now: there may not be much investment management fee compression on the horizon.

Michael Kitces clarifies what the important criteria are in choosing financial planning software and gives an overview of strengths and potential weaknesses.