Read on as I cover what a Roth conversion is, how it works, the advantages and disadvantages of using one, and how to do one.

Roth conversions are a popular way for people to ... Sign up Yes, you can even do it if you have already started your required minimum distributions (RMDs), those forced withdrawals that affect ...

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

IRA and Roth IRA. Since my total household is above the threshold for investing in a Roth IRA, I have been considering ...

The five-year period begins at the start of the calendar year you do the conversion. So if you convert traditional IRA funds to a Roth IRA in September 2024, your five-year clock begins on Jan. 1 ...

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

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 ...

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

If I were to do a Roth conversion of $75,000 in 2024 would I then have available $135,000 for withdrawal without any penalty? My advisor says I would only have the original $60,000 available for ...

You can do that by directly contributing to a traditional IRA or by rolling money from a traditional 401(k) account into a traditional IRA. Then you convert the traditional IRA to a Roth IRA.

This could significantly impact your long-term account value. Will you do the Roth conversion this year, or in stages over the next few years? Managing tax brackets could significantly lower the ...

"We use Roth conversions in our practice as much as anyone, but we do the modeling that looks at what if I do this over 10 years or if I don't? What does that do to required minimum distributions?