It might seem counter intuitive to decide to pay MORE taxes now, rather than defer them, but in some cases, that can be a smart, tax-efficient strategy. Have I piqued your curiosity? I want ...

A Roth IRA conversion allows you to transfer funds from a traditional IRA to a Roth IRA, but you must pay taxes on the converted amount upfront while benefiting from tax-free withdrawals later.

Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in ...

A Roth IRA offers significant benefits for retirees. As an after-tax account, distributions from Roth IRAs are typically ...

Roth conversions, which transform traditional IRAs into Roth IRAs, are a powerful retirement and tax tool. Here are eight ...

Imagine you’re lining up a row of dominoes. One tap — and suddenly, the whole line starts falling. That’s exactly how taxes ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Retirement might seem like a lifetime away, but now is the time to start saving. There are several different types of retirement savings plans to choose from, but opening a Roth IRA can pay off. A ...

Roth IRAs offer tax-free gains and withdrawals. They also don't force you to take RMDs. There are certain reasons why a Roth IRA may not benefit you now or in the future you should know about. It's ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the most important decisions anyone has to make in ...

Do funds in a Roth IRA get the benefit of a stepped-up basis for my heirs when I die? No, the cost basis of the assets held within your IRA will not step up or reset to their current market value when ...

IBD wants people to save, invest and do well. One way to do that is by using a Roth IRA. This column will give a quick overview of this type of account — as well as some ideas on how different IBD ...