Roth IRA contributions can be withdrawn anytime without taxes or penalties. Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion.

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people ...

Facing a future tax hit on your retirement savings? A Roth conversion may be a way to lower the taxes you owe.

Thirty-one percent of households owned IRAs in 2022, according to a report from the Congressional Research Service. Among IRA ...

An effective way to reduce taxes in retirement is to do a series of Roth conversions over a span of ... Without RMDs to worry about and because Roth IRA distributions aren’t included in your ...

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...

However, one type of account you can't hold jointly is a Roth individual retirement account (IRA). These accounts are meant to benefit and be held in one person's name. As an alternative ...

The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...

Be sure to contact a financial advisory firm to review your retirement and tax strategy and determine whether a Roth IRA conversion makes sense. If you've named a beneficiary and you pass ...

The short answer is no. There is no age cap on your ability to convert to a Roth. There is also no earned income requirement to convert to a Roth. As long as you have a balance in an IRA, in ...

There are several types of IRAs, including traditional, SEP or Roth IRA, which come with unique ... To help you in the decision-making process, our expert contributors compare common preferences ...