Losing a loved one is never easy — and managing financial decisions during this time can add further stress. Liam, 30, is coping with the sudden loss of his older sister. On top of the grief, he’s learned she made him the sole beneficiary of her 401(k) plan. While the balance is relatively modest — just over $10,000 — he’s unsure what to do next. He could use the funds to pay off debt, but he’s also considering the possibility of keeping the money invested for long-term investment. If you’re in a simi ...

Financial advisor and columnist Brandon Renfro SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax bracket and $330 Medicare premium rate. Please give me advice. – Dennis I do think you’re on the right track to at least be considering this. There are plenty of ...