Choosing a Roth IRA can be tough -- especially when you're just starting out. Read Next: 8 Frugal Habits Americans Are ...

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

A new report has revealed that many highly populated US states are least prepared to handle a recession, based on key ...

Range explores how a backdoor Roth IRA works, why it’s valuable for high-net-worth households, and the specific steps and tax implications involved.

To contribute to a Roth IRA, you must have “earned income” that equals or exceeds your contribution. There are also income limits, meaning your maximum Roth IRA contribution could be reduced ...

How a Roth 401 (k) Works A Roth 401 (k) is like a mix between a traditional 401 (k) and a Roth IRA. You contribute after-tax ...

Rolling over a $1 million 401(k) to a financial advisor might seem like a smart move — but according to personal finance ...

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

Income limits also exist to determine eligibility for tax deductions (Traditional IRA) or to contribute to a Roth IRA. These ...

Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to ...

The Roth IRA, named after the late Delaware Sen. William Roth, became a savings option in 1998, followed by the Roth 401 (k) in 2006. Creating a tax-free stream of income is a powerful retirement ...

Key Points Roth IRA contributions can be withdrawn anytime without taxes or penalties.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.