There used to be what you might call “backsies” or a “do-over” on converting money from a traditional IRA to a Roth. You ...

The market's recent rebound and current bullishness is giving some retirees good reason to make these withdrawals as soon as ...

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can ...

Converting a traditional IRA to a Roth IRA is often presented as a smart move — especially if you expect your taxes to go up ...

Raymond P. asks Money Talks News: “I did my first IRA Roth Conversion in December 2023. In terms of the 5-year rule, I know the IRS considers the conversion date to be 1/1/23 for my conversion, so I ...

The SECURE 2.0 Act expands retirement savings options, including new tax credits, Roth changes and catch-up provisions.

One of the most important things you can do for your retirement is save consistently for it. You should expect to need money on top of what Social Security pays you. And the larger a nest egg you brin ...

Navigating new distribution rules with inherited IRAsAn inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial ...

Whether you are considering a new Roth 403 (b) option or weighing a Roth IRA conversion, these decisions must be approached thoughtfully. Evaluate your tax brackets, market conditions, available cash ...

A Roth conversion is the process of rolling over retirement funds invested in a pretax account, like a regular IRA or 401(k), into an after-tax Roth IRA. You’ll pay capital gains taxes at the ...

Melanie Krause was named acting IRS commissioner and deputy commissioner in February. She previously served as the agency’s chief operating officer. Billy Long’s Career Background ...

The most you can contribute to a Roth IRA this year is $7,000. If you are over 50, you can make an additional catch-up contribution of $1,000, for a total contribution of $8,000.