Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading ...

So if you roll over $50,000 from a traditional IRA to a Roth IRA, the $50,000 is added to your taxable income for the year. It’s important to understand that Roth rollovers are not the same as ...

If I have a tax-deferred 401 (k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no.

Stagger conversions Money taken from a pre-tax account like a 401 (k), 403 (b), 457 (b), Solo 401 (k), or Traditional SEP IRA will be taxed in the year the withdrawal is made. Even if you plan to ...

The tax-and-spending legislation enacted in July has tax breaks for some savers but makes an already-complex process trickier ...

Roth Advantages May Tip the Balance That's not to say that a Traditional IRA or 401 (k) is always the best choice for retirement savers who expect to remain in the same (or a similar) tax bracket.

With a Roth IRA, you get a tax benefit on your retirement distributions. A traditional IRA makes sense if you think your tax rate will be lower during retirement.

When you convert some or all of the money in your traditional IRA to a Roth, you have to pay income tax that year on the converted amount. 6 Even so, converting could be a smart move if you end up ...

There are mandatory distributions from a traditional IRA beginning at age 70 ½ from a traditional IRA. For a Roth IRA there is no mandatory age for distributions to begin.

You’ll owe income taxes of 10% to 37%, depending on your income tax rate, on all the money you convert from a traditional IRA or a rollover from a 401 (k) to a Roth IRA.

This year, I rolled over my pretax 401K into my traditional IRA account and my after-tax 401K (about $60,000; I have a statement from my employer indicating the amount is after-tax money ...

If I have a tax-deferred 401 (k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no.