Converting money from a tax-deferred retirement account to a Roth IRA can cause Medicare premiums for Part B and Part D to ...

It’s a wise move to plan ahead for the taxes you’ll pay on retirement income, including eventual required minimum distributions (RMDs). Instead of waiting until the RMD deadline to start thinking ...

As soon as you receive an inheritance, it gives you all the hope in the world that you are in a better financial situation ...

Preparing your taxes can be tense, time-consuming, and even overwhelming. Tax day 2025 is Tuesday, April 15. While you’re digging out documents and tackling your tax return, now is also a good ...

A special example of pro rata in action is when you perform a Roth IRA conversion. If you're ineligible for a tax deduction for traditional IRA contributions and your income exceeds the limit for ...

Arizona Attorney General Kris Mayes joined Outspoken with Bruce & Gaydos with guest host Barry Markson to discuss how the state continues to combat disruptions to citizens’ Social Security ...

Perfect for high earners aged 35-55, this strategy pairs beautifully with Roth conversions to slash your tax burden. From tech moguls to savvy couples, they dive into real-life examples, revealing how ...

Elliott Appel, the founder of Kindness Financial Planning in Madison, Wisconsin, said at the start of the 2020 COVID-19 market shock, he proactively did Roth conversions for clients as well as ...

You may consider so-called Roth individual retirement account conversions amid the stock market dip, according to certified financial planner Judy Brown at SC&H Group in the Washington ...