Figuring out the details of investment accounts is challenging. If you've ever found yourself wondering what is a Roth IRA ...

Procedurally, it's never too late to make a Roth conversion. The IRS allows you to move this money at any time, so long as you have funds in a qualifying pre-tax account. In many cases, the closer you ...

For example, retirees who convert assets to a Roth IRA could end up paying more tax on their Social Security benefits and higher Medicare premiums if the converted amount lifts their income above ...

Curious if a Roth conversion might boost your Social Security benefits? Here’s the reality: while converting to a Roth IRA ...

For example, you'd subtract $23,500 from $70,000 in 2025 to get the maximum mega backdoor Roth IRA contribution of $46,500 in 2025, assuming your employer makes no 401(k) contributions on your behalf.

For high-income earners, including physicians, getting funds directly into a Roth IRA or other after-tax accounts can be a ...

Unlike Roth IRA contributions, which are capped at the ... You can make as many conversions as you would like each year, in any amount. For example, say you have $845,000 in a traditional IRA.

In a previous article about Roth conversions, an advisor wrote: "For many folks, a prime time for Roth conversions takes ...

Generally speaking, the lower your income in a given year, the more favorable it is for you to convert to a Roth IRA. So, for example, if you have already retired, but have not started collecting ...

By performing Roth conversions, our clients can reduce the size of their traditional IRAs, enabling them to lower their future RMDs. This can be particularly beneficial for those who anticipate being ...

A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a ...

Anyone can contribute to a custodial Roth IRA as long as the minor has the income to match. For example, let’s say your child makes $1,500 mowing lawns. A parent, grandparent, or anyone else ...