There used to be what you might call “backsies” or a “do-over” on converting money from a traditional IRA to a Roth. You ...

Roth conversions can offer significant tax benefits, but they are not the right choice for everyone. Before deciding to ...

Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion. Roth IRA earnings are tax-free after age 59 1/2 and a five-year holding period.

One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

A Roth conversion is the process of rolling over retirement funds invested in a pretax account, like a regular IRA or 401(k), into an after-tax Roth IRA. You’ll pay capital gains taxes at the ...

Contributions into a Roth IRA use after-tax dollars, unlike contributions to a traditional IRA or 401 (k), which are not taxed. This may be a bigger hit to your finances in the short term, but ...

Discover what a backdoor Roth IRA is and how it works, how to set one up, the rules you must follow, and when a backdoor IRA might not be the right choice for you.

The mega backdoor Roth conversion requires that you participate in a defined contribution plan, such as a 401 (k) plan, that either has a Roth option or allows you to make in-service rollovers.

Both a Roth IRA and a 529 Plan are valid ways to save for a college education. Each has unique benefits and limitations. Starting in 2024, unused funds in a 529 account may be converted into a ...