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

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

If you have a 457 plan, you can max it out and still make a full contribution to a Roth IRA as long as you meet the income rules. Doing so makes financial sense if you have the money to spare.

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%.

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 ...

NerdWallet's free Roth IRA calculator determines how much you are eligible to contribute each year and estimates how much your account balance might grow by retirement.

Both a Roth IRA and a 529 Plan are valid ways to save for a college education. Each has unique benefits and limitations.

Unlike a Roth IRA, when you withdraw money from a traditional IRA before 59-½, you'll likely face an income tax bill and a 10% early withdrawal penalty, although this rule has some exceptions.

The Roth IRA can set you up with tax-free retirement income, but watch out for the pitfalls. ... (Here are some of the best places to open a Roth IRA.) Contact your plan administrators.

Roth IRA to 529 plan: Education vs. retirement. Before transferring your money, it’s important to review the potential ramifications, along with your financial needs and goals.

As with traditional accounts, your plan administrator must explain how much of your distribution is eligible for rollover. 2. Determine If Your Roth 401(k) Distribution Is ‘Qualified’ ...

A Roth IRA conversion calculator can help you figure out exactly how much money a Roth IRA could save you on taxes. Bentham also stresses that every investor should "consult with your accountant ...