Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can ...

For example, if you move $40,000 from an old 401(k) plan into a Roth IRA, and you’re in the 12% tax bracket in 2024, the first $11,600 gets taxed at 10% and the remaining $28,600 at 12%.

A Roth conversion is a permanent decision. - /iStockphoto. Got a question about investing, how it fits into your overall ...

An IRA portfolio is not limited to US stock markets, Bonds and Gold. For those wishing to increase the resilience and growth ...

For 2024 and 2025, you can contribute up to $7,000 a year ($8,000 if you’re age 50 or older) to a Roth IRA. For 529 plans, there is a contribution limit set by the Internal Revenue Service (IRS ...

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

So if you convert traditional IRA funds to a Roth IRA in September 2024, your five-year clock begins on Jan. 1, 2024, and you could withdraw the funds penalty-free on Jan. 1, 2029.

After two years of informal investing, Money Talks columnist Darnell Mayberry gives his daughter a structured pay ...

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

Suze Orman was as candid as ever when Gina, a 56 year-old retiree, called into her Women & Money podcast earlier this year.