My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social ...

The calculator will adjust automatically based on your previous answers. Estimated rate of return The average annual return you expect from your IRA investments each year. Roth IRA return rates ...

Remember there are income limits for those contributing to Roth IRAs: for tax year 2024, a single person must have a modified adjusted gross income (MAGI) under $146,000 and a married couple ...

By looking at the following two charts you can see ... forced to take money out each year after you turn age 70 ½. Your beneficiaries will receive your Roth IRA proceeds, tax-free, when the ...

A Roth conversion involves moving funds that are held in either a traditional IRA or a standard 401(k) into a Roth IRA. The benefit of doing a Roth conversion is twofold: a lower tax burden in ...

If the client is at least 59 ½, and five years have passed, all Roth IRA distributions become tax-free (including the earnings). The IRA holding period requirement is satisfied when five years ...

Most articles and conversations around converting to a Roth will focus on the years between retirement and taking RMDs. Those years can present a fantastic opportunity to convert IRA dollars to a ...