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

Here’s how converting your traditional retirement account to a Roth IRA can boost your nest egg — but avoid these costly scenarios.

Retirement plans such as 401(k)s and IRAs are powerhouse savings accounts, giving you a tax break either when you contribute to the account or when you withdraw your money — plus taxes are deferred ...

Oh boy! Did I get your attention? You say, “But Kelly! I thought all Roth IRA distributions were tax free!” I say, “Not so fast, Sparky.” This is embarrassing. I used to think like you. Then I got my ...

When it comes to saving for retirement, the Roth and traditional IRA are like two sides of the same coin. Both offer powerful ways to grow your savings, but they come with distinct tax advantages — ...

When it comes to making retirement plans, a Roth IRA is one of the best options available. Any money net of taxes put into a Roth IRA grows tax-free. Also, account holders don’t pay any taxes or ...

With a Roth IRA, you contribute after-tax dollars, so there is no tax deduction when you put money in. The benefit comes later because your investments grow tax-free and qualified withdrawals in ...

As financial advisors, our heroics don’t typically make for riveting dinner conversation, but in our daily duties, we frequently step in and save the day. We wield advanced modeling tools to optimize ...

Jeff DeHaan explains how strategic Roth conversions can safeguard your heirs and spouse from future tax burdens. Drawing on ...

The IRS also forces people with a traditional retirement plan to start withdrawing their money eventually. Those forced withdrawals are known as required minimum distributions, or RMDs, and they can ...

Traditional and Roth IRAs are both tax-advantaged retirement accounts. The main difference between a Roth IRA and a traditional IRA is when you claim the tax benefits the account provides. Traditional ...

Test your basic knowledge of traditional and Roth contribution rules in our quick quiz.