I receive a great many inquiries about retirement accounts. One area of particular interest is Roth conversions. Fortunately, ...

My wife is currently working and has a traditional IRA with approximately $350,000 to $400,000. She is almost 65 but not ...

As you map out your retirement, it is important to take advantage of tax-free growth made possible by Roth conversions.

Transferring retirement savings from a 401(k) or similar tax-deferred account to a Roth IRA can help keep you from having to ...

If you’re making $275,000 a year, you can't contribute to a Roth IRA due to income limits. However, a backdoor conversion can ...

However, the earnings and current-year conversions will be taxed if they are part of a non-qualified distribution. Let’s say you have a Roth IRA with a $125,000 balance: $50,000 in contributions ...

This is called a Roth IRA conversion. Contributions to these accounts are generally tax-free, and since Roth IRAs allow you to withdraw tax free, you get the best of both worlds. You can ...

It makes all pre-tax contributions and earnings taxable during the year of the conversion. In the future, qualified withdrawals from the Roth IRA will be tax-free. “A conversion is beneficial if ...

Since taxes are paid on contributions before ... you could potentially benefit from using a backdoor Roth IRA, where you convert a traditional IRA to a Roth. Or consider qualifying for Roth ...

For a Roth conversion, he wants to move investments at a low that has the best chance for big appreciation. For a regular withdrawal, like for an RMD, he wants to use a short-term bond or other asset ...

Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion. Roth IRA earnings are tax-free after age 59 1/2 and a five-year holding period.