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

Traditional IRAs allow you to deduct your contributions. You can withdraw your contributions, but not earnings, from a Roth IRA at any time penalty-free. Some people choose to have both a traditional ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. One of the most common questions around retirement is around the difference ...

The only potential "catch" with a Roth is that you must qualify to fund one, and higher earners might not. Other than that, they're the same in that both kinds of retirement accounts allow for ...

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

Both individual retirement account (IRA) types — traditional and Roth — offer valuable retirement-planning benefits, but with different structures, income limits, and pros and cons. Traditional IRAs ...

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 ...

Roth IRAs provide tax-free withdrawals in retirement. Workers who exceed income limits cannot fund a Roth IRA directly. High earners can contribute indirectly via a backdoor Roth IRA. Successfully ...

A SIMPLE IRA is a retirement plan designed for self-employed people and small businesses with 100 or fewer employees. It's a cheaper (and easier) plan for an employer to set up compared to a ...

Retirement is a phase in life that many people look forward to throughout their careers. It's a time to leave the world of work (if you so choose) and dedicate your time to doing exactly what you want ...

Take a Financial Advisor Quiz. Investing in an individual retirement account (IRA) is one of the best ways to save for retirement. But when it comes to choosing your IRA, the most important part is ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...