He’s often struck by gaps in attendees’ knowledge of retirement planning. “Very few people understand what they need to know ...

Retirement Planning Guide: ... For example, if you contribute just $200 each month to a retirement account with a 6% annual return, you could accumulate over $200,000 in 30 years. ...

Financial planning helps you track and manage your money to reach your financial goals. To create a strong financial plan, set goals, track cash flow, budget, invest, and pay down debt.

Otherwise, in order to get your account back to $100,000, you have to earn 49% to get back even — no easy task. Secondly, the five-year waiting period may apply to the conversion.

Planning to help your child pay for college? Consider a 529 college savings plan, so you can save on taxes now and their education costs in the future.