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 ...

Then, say you decide to convert $20,000 of your nondeductible (after-tax) traditional IRA money to a Roth IRA. The IRS is going to say that 50 percent of that $20,000 is taxable.

A Roth IRA conversion is ideal if you prioritize tax-free withdrawals, flexibility in investments, or avoiding RMDs, and are willing to navigate the upfront tax hit. A Roth IRA can offer peace of ...

One way to do that is to convert at least some of your tax-deferred savings in your 401 (k) or traditional IRA into a Roth account. Money rolled into Roth 401 (k)s and Roth IRAs grow tax free and ...

Gauging the ideal timing for Roth conversions Converting to a Roth IRA cannot be a snap decision. Strategic timing is needed to maximize benefits and minimize tax burdens.

Discover if a Roth IRA conversion is right for you. We analyze the factors to consider, including your current tax bracket, future tax rate projections, and the benefits of tax-free withdrawals in ...

An advisor can help you decide The decision to harvest capital gains versus convert to a Roth IRA goes beyond immediate tax implications. And it’s a tough decision to make.

An advisor can help you decide The decision to harvest capital gains versus convert to a Roth IRA goes beyond immediate tax implications. And it's a tough decision to make.

If you convert a traditional IRA to a Roth, taxes will be due. In the long run, though, when withdrawals are made, Roth money comes out tax-free while distributions from traditional IRAs and 401 ...