Anyone sticking to a budget and wanting to know where their money is going most likely uses financial software. In fact, I've ...

Going into the 2024 presidential election, the conventional wisdom and received knowledge of the chattering classes, when asked whether or not it was smart to convert a regular IRA into a Roth IRA ...

Roth conversions are supposed to be a clean way to swap future tax uncertainty for today's known bill, but President Donald Trump's new tax package has turned that calculation into a minefield. The ...

Even if you have already chosen an account for retirement savings, that doesn’t necessarily mean you can’t change your mind about it later. In fact, this is not at all uncommon — and many people see ...

When you buy through links on our articles, Future and its syndication partners may earn a commission. While you may see tax benefits later, you are likely to end up with a tax bill now. | Credit: ...

Any money you move from a traditional IRA to a Roth IRA is treated as ordinary income. That's why you should make these ...

If you have an individual retirement account (IRA), you might have considered converting it into a Roth account at some point. But you might not know the best time to do a conversion, or even if doing ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When you leave a job, it is usually a smart move to take ...

Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs offer tax-free growth and withdrawals with no required minimum distributions during the ...

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 time of ...

A tax strategy that allows ambitious savers to set aside several times the standard 401(k) contribution limit and perform a Roth conversion — also known as a megabackdoor Roth — will have an even more ...

Who doesn’t appreciate tax-free investment growth, tax-free withdrawals and not having to take required minimum distributions from their retirement account? You’re likely aware that these are all ...