Facing a future tax hit on your retirement savings? A Roth conversion may be a way to lower the taxes you owe.

IRA conversion: traditional accounts to Roth . If you have a traditional IRA, converting it could be a simple matter of ...

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...

In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a question about the best moves. What works for one individual and how they ...

Higher earners can use a Roth conversion to fund a Roth IRA with money from a traditional IRA. Roth IRAs offer estate planning advantages as they are tax-free for heirs. A Roth individual ...

For starters, the IRS has three different five-year rules that apply to Roth IRAs. One of them, the conversion rule, appears self-contradictory. The IRS doesn’t publish clear instructions on ...

A Roth conversion involves moving funds that are held in either a traditional IRA or a standard 401(k) into a Roth IRA. The benefit of doing a Roth conversion is twofold: a lower tax burden in ...

A major factor contributing to whether the mega backdoor Roth makes sense for you is if you have the ability to save that ...

Some people convert traditional IRAs to Roth accounts to shield their future returns from taxation in retirement and to avoid required minimum distributions (RMDs). Here’s how they do it — and ...

If you’re unable to contribute to a Roth account directly, there’s good news — you can convert a traditional retirement plan ...

When stocks fall, it can be a good time to get money out of tax-deferred accounts to avoid a ticking tax time bomb.

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement income. By following the proper steps, avoiding the pro-rata rule, and ...