At age 55 with $900,000 in a traditional individual retirement account (IRA), converting $100,000 per year to a Roth IRA could help reduce required minimum distributions (RMDs) and related taxes in ...

Think you're a savvy retirement planner? Here’s what you may be forgetting.

Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

Traditional and Roth IRAs are tax-advantaged accounts you can use to save for retirement. With a Roth IRA, you get a tax benefit on your retirement distributions. A traditional IRA makes sense if you ...

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 ...

Some people avoid Roth IRAs because they want an immediate tax break on their contributions. There's another reason to avoid ...

Tax-advantaged retirement accounts such as traditional and Roth IRAs are important tools for retirement planners accumulating wealth to provide for a secure retirement. And, under the right ...

An advisor may suggest that Joan minimize her RMDs by lowering the balance of the relevant account. For example, she could pursue a conversion strategy that would pull funds out of her traditional IRA ...

Investing in an individual retirement account (IRA) is one of the best ways to save for retirement. But when it comes to choosing your IRA, the most important part is the tax savings. Both traditional ...