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

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

Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The ...

Because Medicare premiums are tied to income, converting a $235,000 retirement account to a Roth IRA has the potential to ...

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 ...

Roth 401 (k)s and Roth IRAs are both retirement vehicles that allow you to invest after-tax dollars, which can be withdrawn tax-free in retirement. A Roth 401 (k) is offered through your employer ...

Considerations of a Roth IRA Conversion A Roth IRA conversion can be especially beneficial if you expect to be in a higher tax bracket in the future. By paying taxes now, you can lock in tax-free ...

Depending on the types of retirement plans offered by your employer, you may be able to set up a traditional or Roth IRA at work. It's a great option, especially if your employer matches a portion ...

Traditional and Roth IRAs are excellent savings vehicles for retirement. With a Roth IRA, you contribute money that's already been taxed. The funds have been in the Roth account for at least five ...

Also, keep in mind that traditional IRA contributions are tax deductible and reduce a person’s annual tax bill, a benefit the Roth option does not provide. Remember there are income limits for ...

Our Tax-Deferred vs. Roth IRA Calculator allows you to compare the potential long-term impact of investing in a traditional tax-deferred IRA versus a Roth IRA. By adjusting contribution amounts ...

Traditional IRAs and Roth IRAs both offer a tax-advantaged way to grow your money for retirement. The biggest difference between the two comes down to when you pay taxes on that money. With a Roth ...