Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

Roth IRAs are not subject to rules on required minimum distributions (RMDs), and qualifying withdrawals from Roth accounts in ...

That means paying taxes on the converted funds in the year you move the money to your Roth IRA. It needs careful handling so ...

Quick Read $7,500 annual backdoor Roth grows to $328,500 tax-free per spouse over 20 years at 7% despite $300,000 income ...

Roth IRAs are funded with after-tax dollars and can provide tax-free income after age 59 1/2. Money from a traditional IRA ...

A smart Roth conversion strategy reduces future taxes, protects a surviving spouse and avoids Medicare premium surcharges.

In the decades when you're planning for retirement, the focus of many savers is to build up a substantial nest egg. But after you hit retirement, the focus shifts to efficiently using the funds by ...

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

You can mitigate this by doing a Roth IRA conversion now. This changes some of your tax-deferred savings into Roth savings, ...

Roth options to their employees. If your employer does, you should definitely consider taking advantage because of the tax advantages you will receive. When you reach age 73, when required ...

Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...