If you have a Roth IRA retirement account, though, it can be used as a source of funds for that all-important part of the ...

Retirement savings and taxes are a minefield — and the higher your income, the more complicated the options. Use these tips ...

If you wind up with an outstanding balance, you can either pay the IRS a lump sum or agree to a payment plan that allows you ...

Don't miss the April 15, 2025 deadline for 2024 IRA contributions, avoid penalties and leverage the 5-year Roth rule.

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

A reverse rollover is when you roll funds from an individual retirement account (IRA) into a 401k or other workplace ...

This is in contrast to the traditional 401(k), where contributions are made pre-tax, and you then pay income taxes when you withdraw funds later on. With a Roth 401(k), "any money that you ...

Would you send the government a big check this year — in return for a potentially far larger future tax break?

When it comes to saving for retirement, the Roth and traditional IRA are like two sides of the same coin. Both offer powerful ...

otherwise known as a “backdoor Roth.” With a conversion, you take assets in an existing pre-tax account, like a traditional IRA or 401(k), and transfer it to a Roth IRA in one lump sum.

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-tax and after-tax income. It’s a bit ...