Traditional IRA provides $142,322.17 more in after-tax value (30.88% advantage) Your tax rate is expected to decreasefrom 24.00% to 22.00%in retirement Reinvesting Traditional IRA tax savings adds ...

If you have a self-directed IRA or 401(k) and want to convert it into a Roth IRA, you may be concerned about your options and taxes. These retirement accounts are taxed in different ways, and you’ll ...

Fortunately, there’s no age restriction on converting a pre-tax retirement account to a Roth IRA. You can roll funds from a qualifying pre-tax account to a Roth IRA at any time. A financial advisor ...

“This is a strategy that is so incredibly beneficial for highly compensated employees because they can’t contribute to a ...

The IRS is pretty much always in the rear-view. When you contribute money, that money has already been taxed. So your money grows tax-free in the account, and you withdraw it tax-free too (as long as ...

My wife and I are in our 60s. We both have traditional IRAs, but no Roth IRAs. We’re considering doing annual Roth IRA conversions so that our beneficiaries can inherit tax-free accounts. Can we ...

Before clients convert their traditional IRAs to Roths, they should be aware of a new rule that says all this year’s required minimum distribution (RMD) be taken out first, according to a new analysis ...

Americans living abroad can still benefit from a Roth IRA for retirement savings, just like those in the U.S., but there are some extra considerations. Both expatriates and U.S.-based savers need ...

There are differences in handling a spousal Inherited Roth 401(k) versus an inherited Traditional 401(k). When you have a Roth 401(K), you likely will need to address the Roth savings and the 401(k) ...

“That was an odd year for us.” ...

Do Roth IRAs Have Required Minimum Distributions? No, Roth IRAs do not have required minimum distributions, at least while the account holder is still alive. But if you are the beneficiary of a Roth ...