A backdoor Roth IRA is a strategy that allows high-income earners to bypass the ordinary income limits on Roth contributions ...

The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...

A Roth IRA is considered by many financial experts to be the best retirement plan out there. Workers can invest money on an ...

Roth IRA conversions are now irrevocable, so be sure to consult with a tax pro before converting your IRA to a Roth IRA. Everyone's tax situation is unique, but there are two main requirements for ...

A backdoor Roth IRA conversion can be made every year, but if you've contributed pre-tax money to a traditional IRA in the past, a tax law called the pro-rata rule complicates things. Under the ...

Financial planner Dan Moisand tackles readers' questions about Roth conversions, from the whats to the whens and more.

While there are several types of IRAs on the market, such as traditional IRAs, Roth IRAs, SEP IRAs and SIMPLE IRAs, we chose to focus on only traditional IRAs for this ranking. To identify our top ...

The Roth IRA takes a different approach ... Generally, you'll incur taxes for converting the pro-rata share of pre-tax funds in your account. If you don't have nondeductible contributions ...

The 529 plan must be open for at least 15 years. You cannot convert 529 contributions made within the past five years (or the ...

Employers with five or more employees who do not currently offer a retirement plan will be required to register for the state ...

Who doesn’t love tax-free income? When you retire with assets in a Roth IRA or Roth 401(k), you will be able to take retirement income from these accounts without getting hit with income taxes.

This is due to the “pro-rata rule.” The pro-rata rule is a tax regulation that controls how conversions from a traditional IRA to Roth IRA are taxed when the traditional IRA contains both pre ...