With investment accounts about to end a very good year and current tax rates unlikely to change for a while, the case for paying taxes now to convert traditional IRAs and 401(k)s to Roth accounts ...
Many Roth conversions that look good on paper are in fact losing propositions. That’s the implication of an article published in the September issue of the Journal of Financial Planning.
For high earners looking to supercharge their retirement savings, enter the mega backdoor Roth. This financial strategy serves as a tax-shelter for retirement funds, which allows you to add tens ...
Read this before pulling the trigger. Your financial advisor may be all fired up about prepaying tax on an IRA, converting it into a totally tax-free Roth IRA. Is this a great idea? Sometimes.