Be sure you understand the tax consequences before making the changeReviewed by David KindnessFact checked by Betsy PetrickKey TakeawaysConsider the benefits and implications of rolling over a 401(k) ...

A Roth conversion can change your retirement for the better, but only if done correctly. These are some costly conversion ...

The Internal Revenue Service has finalized regulations implementing key provisions of the SECURE 2.0 Act, including new requirements for catch-up contributions in workplace retirement plans. The rules ...

Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

Roth strategies are not going away. But the way certain federal employees use them is changing, and the timing of your ...

Many investors within five years or so of retirement have the bulk of their savings in traditional tax-deferred 401(k)s and individual retirement accounts, instead of the after-tax Roth versions of ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When you leave a job, it is usually a smart move to take ...

As investors strive to optimize their retirement savings and minimize tax burdens, understanding how Roth conversions benefit them becomes more important. Roth conversions have great significance when ...

There are two 5-year rules: One for contributions and the other for conversions. A subset of rules exists, based on your age. It’s important to know which qualified expenses allow you to withdraw ...

Tax and estate planning isn’t for the faint of heart. The rules are complex and each decision seems to have a multitude of ...