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

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on inherited IRAs.

Not all money in a Roth Thrift Savings Plan account is automatically tax-free, and there are several things to consider ...

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

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

"What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost our retirement ...

You can have multiple Roth IRAs, but your total contributions must stay within the annual limit, requiring careful tracking to avoid penalties.

IRAs have contribution and income limits to ensure that they're not used by the wealthy as bloated tax shelters. For 2025, traditional and Roth IRA contributions are capped at $7,000 with a $1,000 ...

See how annuities stack up against 401(k)s and IRAs. Learn the pros and cons to build your best retirement income plan.

Roth 401(k)s offer a number of benefits, including tax-free gains and withdrawals. But before you get your mind set on one, consider these downsides.

Saving for retirement can be very difficult for married spouses who stay home to care for family or otherwise have little income.

For tax year 2025, employees can defer $23,500 into their 401(k), a modest increase from the $23,000 contribution limit in 2024. The limit on annual contributions to an IRA, however, remains what ...