Retirement accounts such as Roth and traditional IRAs and 401(k)s are a great way to save, but mind the tax rules on ...

After retirement, most people see their annual income drop, and that's one of the things that makes an IRA so attractive.

Learn how to decide whether to max out your 401(k) or IRA first based on your income, tax bracket, and retirement goals.

Picture this: you’re 65 years old, still working and have around $400,000 saved in a traditional IRA. You’re healthy, active ...

Nondeductible IRAs grow tax-free and are an option if you earn too much to deduct your traditional IRA contributions. Reporting nondeductible IRA contributions on IRS Form 8606 helps you avoid ...

Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free ...

When you convert a traditional IRA to a Roth IRA, you will have to pay income tax on the conversion for the year you do the switch. But once the money is in the Roth IRA, future earnings and ...

Let’s go back to the tax-bracket model that we used above. Since you’re still working and earning $80,000, you might choose to convert $40,000 – $50,000 of your traditional IRA balance each year — ...

A blended savings strategy, combining the benefits of pre-tax and after-tax accounts, is a powerful way to prepare for a ...

The idea is that it’s more expensive upfront to build a Roth IRA compared with a pre-tax portfolio like a traditional IRA or 401(k), but you save taxes on your portfolio at its peak value as a ...