Tue, 14 May 2013
Read the rest of this article on Morningstar Articles
Health-savings accounts can be used to save for long-term-care costs in retirement, while a Roth IRA can double as an emergency fund or a vehicle for college savings, says Morningstar's Christine Benz.
Know what you're eligible for , take advantage of workarounds and recharacterization, and--above all--don't wait until the last minute, says retirement expert Ed Slott.
Congress is unlikely to do away with the Roth IRA , but it could limit 'backdoor' contributions, end the 'stretch IRA ,' or eliminate some popular Social Security filing strategies, says IRA expert Ed Slott.
©2014 Morningstar Advisor. All right reserved.