A re you looking to optimize your retirement savings options now to maximize your income later on? It's easier said than done ...

Let’s take a look at an example of tax implications with a backdoor Roth IRA. If you have $15,000 in a Traditional IRA (with ...

I receive a great many inquiries about retirement accounts. One area of particular interest is Roth conversions. Fortunately, ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation.

Roth conversions involve switching a pre-tax account to a post-tax account and immediately paying the tax bill. Consider future tax rates and whether you have the cash to cover the tax bill before ...

Opening a backdoor Roth IRA comes with important tax implications to consider. Roth IRA accounts offer tax-free growth on earnings and tax-free withdrawals in retirement. But those perks come with ...

If you’re like Mark, Susan or Tom, your retirement and legacy goals will shape the strategy for your wealth. There’s no ...

Socking away money for retirement is something that’s top of mind for many people. Here's what to know about traditional and ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like ...

However, converting your Roth account also comes with immediate tax consequences that require careful planning if you are considering doing so this tax year. Converting an IRA to a Roth account ...

Learn about SIMPLE IRA plans, including contribution limits, how they compare to Roth IRAs, and the benefits SIMPLE IRAs ...

For beneficiaries, understanding the tax implications of inherited IRAs is essential. Traditional IRAs and Roth IRAs, in particular, come with different tax obligations and planning opportunities.