One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

I approach retirement planning differently now. I aim to max out my Roth IRA every year that I am eligible to contribute. For ...

Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.

To get around the income limits of a Roth IRA and benefit from the tax-free growth, some individuals make nondeductible contributions to a traditional IRA and then convert it to a Roth IRA. Here ...

Other Ways To Get Inherited IRA Assets Into A Roth . If you inherited an IRA from someone other than your spouse, there are a few other ways to transfer those funds into a Roth account.

A Roth conversion is a permanent decision. - /iStockphoto. Got a question about investing, how it fits into your overall ...

Choosing a Roth IRA can be tough -- especially when you're just starting out. Read Next: 8 Frugal Habits Americans Are ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...

The limit for a Roth IRA includes all your 401(k) and IRA accounts and is $7,000 per year, or $8,000 for those over 50 years old. The limit for a Roth 401(k) is much higher at $23,000 per year for ...

Prior to 2018, if you converted all or part of a traditional IRA to a Roth IRA, you had until Oct. 15 of the year following the conversion to undo the switch and eliminate the tax bill by ...

A Roth IRA is the best retirement account around, according to many experts. It offers huge benefits such as tax-free income and the ability to leave tax-free money to heirs. Plus, because of its ...

How a Backdoor Roth IRA Works . The backdoor Roth IRA is an IRS-sanctioned strategy for individuals whose income exceeds Roth IRA limits to get the perks of tax-free growth and tax-free ...