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

Taking money out of a Roth individual retirement account without triggering income taxes or penalties is trickier than you ...

Required minimum distributions (RMDs) from pre-tax retirement accounts can have a number of unintended consequences. These ...

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

In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a ...

There’s a reason many people opt to save for retirement in a traditional IRA. These accounts offer a tax break on the money ...

There’s a reason workers are often advised to save for retirement in a Roth IRA or 401(k). Not only do Roth retirement plans ...

Some major tradeoff elements to consider when planning a Roth IRA conversion are your current year’s tax liability and your tax liability in retirement. Ultimately, the value of each will depend ...

It’s possible to transfer untaxed dollars to a Roth IRA with a Roth IRA conversion. But you’ll likely have to pay taxes on any type of rollover that involves an untaxed amount. Does a Roth IRA ...

See pro-rata section below. Make a non-deductible contribution to the traditional IRA (up to $7,000 in 2025, or $8,000 if age 50+). Convert to a Roth IRA: Soon after making the contribution ...

CNBC reported last year that Roth conversions were up 46% year-over-year. Google Trends data shows interest in Roth ...

If you're charitably inclined, using a qualified charitable distribution, or QCD, is a great way to reduce your RMD. Instead ...