The IRS is pretty much always in the rear-view. When you contribute money, that money has already been taxed. So your money ...

Key Points Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs ...

A one-time transfer outperforms an equal-installments method in most tax situations, research finds.

Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

In life, you often get second chances ‒ and the same is true with investing. To illustrate, you might not have been able to contribute to a Roth IRA during your working years due to your income level, ...

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can withdraw them penalty-free, if you are under age 59 1/2 at the time you want to ...

Unlike employer-based 401(k)s, people set up individual retirement accounts (IRAs) for themselves. But similarly to workplace retirement accounts, traditional IRAs are funded with deductible pre-tax ...

Roth IRAs continue to grow in popularity, as increasing numbers of investors expect tax rates to rise in the coming decades. Knowing which assets to hold in a Roth account can be at least as important ...

A Roth IRA and traditional IRA both have the same goal: to help you save for retirement and ensure you don’t spend your golden years struggling to make ends meet. The key difference between a Roth and ...

Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, meaning that withdrawals in retirement are tax-free. This makes Roth IRAs appealing for those who anticipate being ...