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Roth IRAs can be an attractive addition to your portfolio, but boy, are they surrounded by rules and regulations. It's easy ...
My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...
Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.
The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...
Some heirs are considered "eligible designated beneficiaries," and the 10-year rule does not apply to them. These include ...
Sometimes, life goes one way when you planned on it to go another. In the case of retirement planning, let's say you've been saving money in a tax-deferred retirement account (like a traditional ...
Should you switch from pre-tax IRA contributions to Roth contributions? Imagine that you’re steadily contributing to a traditional IRA. This provides you with an annual tax deduction. However ...
A retiree’s ability to exert some control over their taxes is increased when their portfolio includes accounts with different tax characteristics.
A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can withdraw the money tax-free.
For example, if you invest $1,000 in a stock ETF today, and your investment climbs to $5,000 in retirement thanks to the ...
A Roth IRA conversion ladder is a multiyear savings strategy that lets you tap your retirement account before reaching age 59½—without taxes or penalties.
Discover what a backdoor Roth IRA is and how it works, how to set one up, the rules you must follow, and when a backdoor IRA might not be the right choice for you.