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

A new way for Americans to save—with tax-free earnings—has been introduced in the House and Senate. If it passes, will it ...

What this means functionally is that his first step of the process is to account for his yearly required minimum distribution, which he does in the form of a charitable donation. That allows him to ...

Fact checked by Vikki VelasquezRegardless of how old you are, you can still reap the benefits of a Roth IRA, a retirement ...

Backdoor Roth IRAs: If you exceed income limits for direct Roth IRA contributions, you can convert after-tax dollars into a ...

I started my retirement journey 17 years ago when I was $300,000 in debt. My journey wasn't quick, but fast forward almost two decades, and now I have enough saved to retire at 40.

The average Social Security payout is currently less than $2,000 a month, and it's expected to drop even lower in years.

Rolling over a 401(k) to a Roth IRA sounds smart, but it could cost you. Here’s why you should think twice before making the ...

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

With a Roth IRA, contributions have already been taxed and are not taxed when withdrawals are made. With a traditional IRA, contributions are not taxed until you make withdrawals. Anyone can ...

If you find yourself in a financial pinch, you may be tempted to borrow from funds you've steadily tucked away in your employer-sponsored 401(k) plan. While some 401(k), 403(b), and 457(b ...

Watching your portfolio tank is a nightmare for anyone — but it’s a horror story for retirees, or anyone approaching retirement for that matter. And with more than 4.1 million Americans turning 65 ...