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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

The money in the IRA can be used during your lifetime, but then can accumulate tax free while the next guy in line for it takes minimum distributions over his life. This is because the money is protected in the tax deferred (or tax free) account and it can build significantly over time. There are two problems with that in my mind.

Converse 176
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The 5 Most Important Personal Finance Lessons to Teach your Child

Prairie Eco-Thrifter

Here, told as I would tell it to my Grandkids, are my top 5 lessons. I hope to show you how to use debt wisely. There are lots of ways to get into to debt. High interest credit card debt can really drag you down, yet you might want to take out a business loan to start up a really great business idea.