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 ...

The IRS on Sept. 15 released final regulations that reflect changes the SECURE 2.0 Act of 2022 made, including the requirement that catch-up contributions certain eligible participants make be ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

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 — without realizing that, unlike a Roth IRA, she ...

Taxpayers with the largest IRAs (and their beneficiaries) will be in higher tax brackets in the future, meaning that as their tax-deferred traditional IRAs continue to grow, so will the tax bill that ...

The Roth 401(k) combines key features of a Roth IRA and regular 401(k). There are higher limits and fewer restrictions on contributions to Roth 401(k) accounts relative to IRAs. Roths provide ...

The retirement savings landscape experienced a radical transformation with the enactment of the SECURE Act 2.0 at the end of 2022. This groundbreaking legislation introduced a wave of changes, setting ...

Before the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, tax hikes are less likely under President-elect ...

Converting a traditional individual retirement account to a Roth IRA can be a smart tax move to save money, but in some cases the move can lead to higher state taxes for the account holders, advisors ...

For many Americans, taxes will most likely be one of their largest expenses in retirement. With some provisions in the Tax Cuts and Jobs Act coming to an end in 2025, there seems to be an additional ...

From a legal and regulatory standpoint, it is never too late for a Roth conversion. Under the rules, you can transfer retirement funds from a tax-deferred account such as a 401(k) to a Roth IRA at 69 ...

Roth IRAs aren't subject to taxes on underlying dividends, interest, capital gains, and withdrawals. The basic decision to use a Roth comes down to your relative tax rates and the ideal time to ...