There have been plenty of changes in 2020, and a few may impact your finances. If your income is lower, a Roth conversion may seem appealing. The first link below talks about if that may, or may not, be a good idea this year.
Here’s what I’ve been reading this morning:
‘Roth Conversion: Is 2020 the Year?’ – Mullooly Asset Show
- A Roth conversion might seem like a good idea in 2020 if your income is lower than you expected. However, there are more factors playing into this decision. Tom walks viewers through this important decision.
‘No Vacation’ – Dennis Friedman – Humble Dollar
- Dennis recently sold his condo which served as a vacation home. While the idea of having a vacation home sounds nice, he walks through all of the maintenance the home required and if it was really a good idea.
‘The Ugly Scramble’ – Morgan Housel – Collaborative Fund
- Similar to a remarkable study about cats, Morgan takes a look at how businesses had to adapt to changes brought on by the coronavirus. The amount of risk depends on how hasty you need to be in your response.
‘The Financial Education Experience We Need Right Now’ – Linda Davis Taylor – Worth
- There is a great opportunity in front of us to change both how and what we learn. COVID-19 has thrown the traditional rulebook out the window, and we can start new. This article takes a look at the importance of instilling financial education from this point.
ENJOY!
