Individual retirement accounts

Small business owners are among the Americans most likely to fall behind on saving for retirement. Investing back into a business is more often a priority for entrepreneurs with any excess cash than investing in a long-term tax-deferred retirement plan. Covid didn't help.Amid the pandemic, scores of America's small business owners stopped or cut back on their retirement savings, according to investment professionals and retirement experts, squeezed by rising labor and raw material costs, or in the worst-case scenario,…

Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows.Nearly 70% of Americans want to live to age 100, with 29 years as the "ideal length" for retirement, according to an Edward Jones and Age Wave report that polled 11,000 adults in the U.S. and Canada in January and February."We've been aware of longevity rising for some time," said Ken Dychtwald, founder and CEO of Age Wave. "But in the last year, there's been a lot more talk about it." More from Personal…

Morsa Images | E+ | Getty ImagesSoaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion.The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, capped at $144,000 modified adjusted gross income for single investors and $214,000 for married couples filing together in 2022.Here's how it works: Investors make what's known as…