When you reach retirement age, financial decisions become even more important as you are no longer generating income from ...

You can convert an IRA to a Roth no matter how old you are. But if the conversion boosts your income, it could have tax consequences.

A Roth IRA conversion is available any time you have money in a qualifying pre-tax account. People choose to make a ...

Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs offer tax-free growth and withdrawals with no required minimum distributions during the ...

If you have an individual retirement account (IRA), you might have considered converting it into a Roth account at some point. But you might not know the best time to do a conversion, or even if doing ...

Even if you have already chosen an account for retirement savings, that doesn’t necessarily mean you can’t change your mind about it later. In fact, this is not at all uncommon — and many people see ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When you leave a job, it is usually a smart move to take ...

A Roth IRA conversion is one of the most powerful moves a retirement saver can make, offering the promise of tax-free growth and tax-free withdrawals forever. A Roth conversion allows you to move ...

When saving for retirement, the first decision is how much. But the next decision is where: Do you contribute to a traditional retirement account or a Roth? By far, the majority of retirement assets ...

In 2014, a tax attorney learned the hard way that even the IRS can issue guidance that conflicts with the law. In Bobrow v. Commissioner (T.C. Memo. 2014-21), the US Tax Court ruled that only one ...

This year’s tax bill — the One Big Beautiful Bil Act (OBBA) — cemented many provisions first introduced in the 2017 Tax Cuts and Jobs Act (TCJA). It also added new and temporary tax breaks for ...

That can be a big deal if your account grows to a hefty size by retirement. And IRAs can grow to hefty sizes -- Warren ...