Roth 401(k)s offer a number of benefits, including tax-free gains and withdrawals. But before you get your mind set on one, consider these downsides.

“Maybe somebody has already filled their 401 (k) bucket, already filled up their Roth or traditional IRA, so their tax-advantaged or tax-deferred investment strategies are pretty much filled up.

Learn how to use the backdoor Roth IRA strategy to contribute to a Roth IRA even if you exceed income limits. This guide covers eligibility, the conversion process, tax implications and benefits.

A Roth IRA is an individual retirement account that, unlike a 401 (k), uses after-tax contributions. Roth IRAs offer investment flexibility and don’t have the market performance caps or ...

This is simply incorrect. Just like a Roth IRA or savings account, an IUL should serve as a single component of a long-term retirement strategy when it fits within a broader financial plan.

The backdoor contribution for a Roth IRA is a two-step process: Contribute to your traditional IRA. Convert it to your Roth IRA. Other rules must be employed to get the intended results.

In a Roth conversion, “you’re taking money out of a conventional IRA, you’re paying taxes on it, and you’re converting it into a Roth,” Mattia said. There, the money can continue to ...

While converting a traditional IRA to a Roth IRA means paying ordinary income taxes on your contributions in the year of the conversion, the long-term benefits could be worth it.

Since cash value in a life insurance policy grows on a tax-deferred basis, an IUL can be a useful option if you've already maxed out your Roth IRA and other retirement accounts.

For many, the answer is yes, but with important qualifications. Like many financial strategies, IRA-to-IUL conversions can be beneficial for some while not being appropriate for others.