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

A Roth IRA offers tax-free growth on contributions and, if you follow certain rules, on earnings as well, making this type of account a powerful tool for long-term savings.

The Roth IRA contribution limit is $7,000, or $8,000 if you’re 50 or older. Roth IRAs offer tax-free growth and tax-free withdrawals if certain conditions are met. Converting money from a pretax ...

With a Roth IRA, you can pay taxes on your retirement savings during your working years if you meet the income limits. You make contributions to a Roth IRA with after-tax money.

A Roth IRA conversion moves money from a pretax account like a traditional IRA or 401(k) to a Roth IRA, where contributions are made with after-tax dollars. It offers some long-term tax benefits ...

Roth IRAs: When you pay taxes on withdrawals. The reason why many savers opt for a Roth IRA vs. a traditional IRA is because of the possibility of tax-free income in retirement.

Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can kick-start tax-free growth. It's a popular strategy among investors with large pretax balances, particularly in ...

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

If you have just inherited a Roth IRA from your parent, spouse, or non-spouse, here are the rules for taxes and beneficiaries you need to know.

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 ...