My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...

Roth IRAs are tax-free. Traditional IRAs are tax-deferred. Understanding the ramifications of tax-free versus tax-deferred in ...

The Roth IRA is one of the best retirement savings tools. But not everyone can contribute to one directly. That’s where a Roth IRA conversion comes in.

How to do a Roth IRA conversion. The actual process for converting a 401(k) or traditional IRA to a Roth IRA is simple. When tax time rolls around, however, things can get more complicated.

Learn what a Roth IRA conversion is and why you might want to explore this option for yourself. Explore the benefits and limitations of this process. S&P 500 +---% | Stock ...

That is why experts advise paying tax owned on a Roth conversion with non-IRA funds and requesting that the custodian withhold 0% on the conversion. 4. Roth IRAs Don't Have RMDs.

While a conversion can be the right thing for some retirees, or soon-to-be-retirees, to do finance experts suggest 10 times you should not do a Roth conversion.

A Roth IRA conversion ladder is a multiyear savings strategy that lets you tap your retirement account before reaching age 59½—without taxes or penalties.

In a Roth IRA conversion, you can roll funds from a pretax retirement account, like a traditional IRA, into a Roth, thus avoiding income taxes on the distributions in retirement.

This occurs when you move money out of a traditional IRA or 401(K), 403(b) or 457(b), pay taxes on the withdrawals and shift it into a Roth IRA to enjoy future tax-free growth.Beyond the potential ...

Roth conversions aren't just for your traditional IRA balances. If you've left a job and still have funds in your former employer's 401(k), you can convert some or all of that money to a Roth IRA.

A Roth IRA conversion can be a good option for many individuals, and here are some of the most common situations where it would make sense. You earn too much.