Choosing between Roth and pre-tax contributions for retirement savings depends on how each impacts your taxes now and in retirement. Roth contributions are made with after-tax dollars, so both ...

There's no one right age to convert a traditional IRA to a Roth IRA, but there are some advantages to consider when it comes ...

Compare that with a Roth account, where contributions are taxed when they are made. While you don’t get an immediate tax break, when the money is ready to be used in retirement, it will be ...

The Roth IRA, with its tax-free growth and withdrawals, has empowered countless individuals to build wealth for retirement, offering flexibility and no required minimum distributions. However, it’s ...

The Confusion Around After-Tax Contributions. Carol explained that she had rolled a 401(k) from a former job into a traditional IRA. Later, she began contributing to that IRA with after-tax money ...

Similarly, you are also already making your full pre-tax or Roth contributions. Again, the mega backdoor Roth allows you to contribute $70,000 into tax-advantaged retirement accounts well beyond ...

This eliminates pre-tax IRA balances, allowing a tax-free backdoor Roth conversion. Execute the Conversion Quickly: Avoid earning taxable gains in the traditional IRA before conversion.

There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.

Given withdrawals from the hefty 401(k) nest egg could quickly propel one into a higher tax bracket in retirement, I’d suggest diversifying into a Roth 401(k). Sure, one won’t be able to save ...

Not sure why the previous commentor is focusing on the 32% tax bracket. A Roth conversion can be appropriate for the lower tax brackets. First of all, we have no idea what taxes will be in the future.

Before a Roth conversion, check this tax rate — it's the ‘single biggest factor' to consider, CFP says By Kate Dore, CFP®, EA, CNBC • Published April 30, 2025 • Updated on May 2, 2025 at ...

Tax season is an excellent time to review your Roth IRA strategy. For me, this means making contributions as early in the calendar year as I can. Here are key contribution guidelines to know about ...