Converting a Traditional IRA to Roth has been a hot topic ever since the income limits on conversions were lifted in 2010. At that point, the higher-income individuals who often benefit most from the ...

Q: My employer offers a Roth 401(k) and I read that I can choose to convert some or all of my existing 401(k) to a Roth. Tax-free retirement income sounds great, but is this a smart idea? There are ...

When it comes to retirement planning in 2025, there's a conversation happening in financial circles that most people are ...

Retirees with significant assets often have to plan around required minimum distributions (RMDs). If you already have sufficient income and don’t need the money in a pre-tax portfolio, annual RMDs can ...

You can perform a Roth conversion at any age, and potentially boost your retirement income. However, this strategy often produces more positive results the sooner it’s done. One reason is that you ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least ...

Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or possibly avoid required minimum distributions (RMDs) and income taxes later ...

U.S. workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401(k) retirement accounts later have a new avenue to do so. The budget legislation passed by Congress ...

Question: Dave explains to Byron why converting a 401(k), which has $6,300 in it, to a Roth IRA is a good plan. Answer: You don’t cash it out. Do a direct transfer rollover with the broker that has ...

Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or possibly avoid required minimum distributions (RMDs) and income taxes later ...

Affluent Americans are showing a growing preference for paying taxes on their retirement savings sooner rather than later. Data released earlier this month by the Internal Revenue Service shows that ...

There’s a benefit to saving for retirement in a traditional 401(k) during your working years. Because you get a tax break on your contributions and investment gains are tax-deferred, you have a prime ...