Should you convert a traditional IRA into a roth IRA
Beginning this year, people can convert all or a portion of their traditional IRA balances into Roth IRAs. Although this new allowance for conversions applies explicitly to traditional IRAs, it also applies indirectly to balances in 401(k) plans that workers hold with former employers. These old 401(k) balances can be rolled over, with no penalty, into traditional IRA accounts, which in turn can be converted to Roth IRAs.
Pre-Retirement Planning
I would like to begin with a brief discussion of the broader picture that is, major demographic changes in the U.S. general population as well as in our laborforce. First of all, there is no question that the American population is "greying," i.e., achieving a minimum of 55 years of age, which according to some authors, (U.S. Department of Public Health, 1983) places them in one of these four categories: 1211
Healthy Aging through Knowledge and Self-Care
Abstract The normal aging process results in physical and psy-chosocial changes which can compromise health. Knowledge of these changes and self-care activities which limit their impact on health status are essential for prevention in the elderly. To stimulate and support these self-care behaviors teaching, counseling, screening, referral, and activity oriented human services are needed.