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 ...
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 ...
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.
IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA
IRA conversion: traditional accounts to Roth . If you have a traditional IRA, converting it could be a simple matter of ...
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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Ask an Advisor: I'm 44 With $1 Million Saved. How Do I Open a Backdoor Roth IRA?
IRA and Roth IRA. Since my total household is above the threshold for investing in a Roth IRA, I have been considering ...
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 ...
10 IRA mistakes to avoid
Christine Benz of Morningstar From contributions to conversions to distributions, don’t fall into these traps when managing ...
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I’ve converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?
If you’re unable to contribute to a Roth account directly, there’s good news — you can convert a traditional retirement plan ...
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We’ve got $2 million in pre-tax retirement funds already - do I need a Solo 401(k) that allows after-tax mega backdoor conversions?
Many savers are drawn to traditional IRAs and 401(k)s because they offer a tax break on contributions. But in return, people ...
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Why Roth IRAs Make Sense for Millennials
Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like ...