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 ...

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.

Roth individual retirement accounts (IRAs) are powerful tools for building tax-free savings in retirement. If you’ve got one already or plan to open one soon, use our Roth IRA calculator to see ...

In this piece, we'll check in on a case of a 20-something-year-old individual who took to the r/MiddleClassFinance subreddit ...

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 ...

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%.

So, for some people, the Roth IRA vs. 529 plan debate is irrelevant because you can’t even put money in a Roth IRA if your income is too high. You Need to Catch Up on College Savings.

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.

The answer may surprise you. On one hand, there’s the tried and true 529 plan, with all it’s short-term benefits and long-term risks. On the other hand, there’s the Roth Child IRA, with near ...

529 plan vs Roth IRA: Which one is better? If you’re trying to pick the best account to save for your child’s education, 529 plans and Roth IRAs are both solid options.

In the 529 vs. Roth IRA contest, the Roth IRA often wins. But there are situations where a 529 plan makes more sense, and financial aid is an important consideration.