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

If you’re contributing to a Roth IRA, you’re already ahead of the game. Roth IRAs are a retirement saver’s dream. These ...

A 401 (k) is the most popular type of retirement account, but it's not the only option available. Others, like individual ...

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

Raymond P. asks Money Talks News: “I did my first IRA Roth Conversion in December 2023. In terms of the 5-year rule, I know the IRS considers the conversion date to be 1/1/23 for my conversion, so I ...

If you can save some of your graduation cash, a Roth IRA offers a unique chance to grow your money 100% tax-free for years—but it’s an opportunity with a limited window.

One of the most important things you can do for your retirement is save consistently for it. You should expect to need money on top of what Social Security pays you. And the larger a nest egg you brin ...

The nice thing about a Roth 401 (k) is that your money is yours to enjoy tax-free later in life. But if your tax bracket ends up being lower in retirement than during your working years, you may ...

Whether you are considering a new Roth 403 (b) option or weighing a Roth IRA conversion, these decisions must be approached thoughtfully. Evaluate your tax brackets, market conditions, available cash ...

When people retire, they typically draw income from a mix of retirement accounts: taxable, tax-deferred (like traditional IRAs and 401 (k)s), and tax-free (like Roth IRAs).

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 ...