Here’s a look at when a Roth IRA conversion is appropriate and what rules and regulations you’ll have to follow. Earning passive income doesn't need to be difficult. You can start this week.

No limit exists on the amount you can convert per year, but large sums might push you into higher tax brackets. The five-year rule requires funds to stay in Roth IRA for five years to avoid tax ...

The five-year rule for Roth IRA conversions. The five-year rule for inherited Roth IRAs. Consequences for breaking the five-year rule. Exceptions to the five-year rule. After opening and ...

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

When stocks fall, it can be a good time to get money out of tax-deferred accounts to avoid a ticking tax time bomb.

However, a mechanism known as the Roth conversion allows high earners to fund a Roth using money from a traditional IRA. "A general rule of thumb is you should convert if you are in a lower tax ...

How do I plan my withdrawals in a way that minimizes taxes? You can start taking money from your 401(k) penalty-free at a ...

Is there a time I should start withdrawing from a Roth IRA or should I just leave it for my heirs? When inheriting a Roth, ...

Roth IRAs, on the other hand, do not offer a tax break on contributions. Instead, they offer tax-free gains and withdrawals, ...

A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a traditional IRA instead and then convert it to a Roth. While you can only ...

There is a five-year rule that specifically applies to Roth conversions. There are three different versions of the five-year rule, each based on how you fund or receive your Roth portfolio. 1 ...