A backdoor Roth IRA refers to a method that allows individuals, particularly high earners, to contribute to a Roth IRA despite income limits that typically prevent direct contributions. By first ...

Imagine that you’re 65 years old and just completed a Roth conversion during a low-tax year early in retirement to avoid ...

In your 70s, it's time to put your retirement plan into action. Here are some tips on how to maximize your success.

Since withdrawals from their Roth IRAs are off the table for now, the couple must choose how much to take from the remaining accounts. They decide to withdraw 60% from their 401 (k)s ($24,000) and 40% ...

Because everyone deals with a different set of circumstances, there's no single set of rules to tell you in which order to ...

Roth conversions, which transform traditional IRAs into Roth IRAs, are a powerful retirement and tax tool. Here are eight ...

To reduce RMDs, you should first prioritize Roth contributions. Roth contributions can be preferable to traditional ...

Maximize savings before the year ends.

Converting to a backdoor Roth IRA via an IRS "loophole" is an estate planning tool that gives heirs tax-free income in ...

With a traditional retirement plan, you'll not only pay taxes on gains eventually, but you'll also be forced to take required ...

Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.

IRS rule changes will require some older workers to make 401(k) catch-up contributions with after-tax dollars.