Roth Conversion in a Down Market: Is it Right For You?
Facing a future tax hit on your retirement savings? A Roth conversion may be a way to lower the taxes you owe.
A flood wiped out my employer, can I tap into my Roth or regular IRA without penalty?
I lost my job when a flood wiped out the store where I worked. I am 37, have a Roth IRA and a regular IRA. The Roth was ...
I earn $200K per year and will likely retire in a higher tax bracket. Is a backdoor Roth IRA a good strategy for me?
That’s long been the promise of the Roth IRA, which unlike 401(k) funds can be tapped tax-free in retirement. But there’s a ...
5 ways to know if a mega backdoor Roth makes sense for you
A major factor contributing to whether the mega backdoor Roth makes sense for you is if you have the ability to save that ...
Roth IRAs are all the rage with the young crowd
ROTH IRA's are growing in popularity among younger generations who are using this retirement tool in addition to a ...
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I’m Retiring at 50 With $9 Million in Assets – Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?
In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a question about the best moves. What works for one individual and how they ...
Backdoor Roth IRA: A Guide for High-Income Earners
The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement income. By following the proper steps, avoiding the pro-rata rule, and ...
How Roth Accounts Can Ease Your Tax Burden in Retirement
Strategic Roth IRA conversions can set you up for tax-free income in retirement and a tax-free inheritance for the people you ...
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Is The Mega Backdoor Roth Too Good To Be True?
you need to understand how Roth retirement accounts and backdoor Roth IRA conversions work in general. Roth retirement accounts, like the Roth 401(k) and the Roth IRA, let you contribute money you ...
What is the difference between a backdoor Roth IRA and a mega backdoor Roth?
A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a ...
10 IRA mistakes to avoid
The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two ...
How high earners can save thousands with these two tax strategies
Range covers strategic investing for high-income individuals and methods used to help minimize tax burdens and offer greater control over financial planning.