Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

Roth conversions offer a lot of appeal to retirement planners. Roth accounts are not subject to Required Minimum Distribution (RMD) rules, so retirees won’t have to make mandatory withdrawals that ...

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...

Roth conversions offer a lot of appeal to retirement planners. Roth accounts are not subject to Required Minimum Distribution (RMD) rules, so retirees won't have to make mandatory withdrawals that ...

When should you use a Roth IRA to manage your taxes? As you hit your 60s, it's common to shift retirement planning from general wealth accumulation to practical details like taxes and required minimum ...

If you're 63 years old with $1 million in a traditional IRA, you may be wondering whether converting $100,000 per year to a Roth IRA makes sense. Doing so could help you avoid required minimum ...

If you’re looking for a tax-savvy way to deal with you required minimum distributions (RMDs), converting them into a Roth IRA ...

Retirees will generally have more insight into the wisdom of a Roth IRA conversion than younger workers, due to decreased uncertainty about future income paths and tax rates. Decisions about how and ...

Dear Action Line: How do you convert traditional IRAs to Roth IRAs and what is the financial advantage of this? — S.S., Tulsa. The money you take out of your paycheck to buy traditional IRAs reduces ...

The year 2010 marks the first time that wealthy individuals will have easy access to a Roth IRA. Although they still won't be able to make contributions to a Roth IRA if their adjusted gross income ...

Retirement funds in a 401(k) account are subject to federal income tax when withdrawn, and oftentimes state and local taxes, too. And because of RMD rules, savers with funds in tax-deferred retirement ...