This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...

Sometimes, life goes one way when you planned on it to go another. In the case of retirement planning, let's say you've been saving money in a tax-deferred retirement account (like a traditional ...

A new $6,000 tax deduction for seniors has created a limited-time opportunity to do a Roth conversion with a lower tax hit.

Roth conversions are a popular way for people to reduce their tax burden over the long haul, and people often start making those conversions when they are a few years away from retirement. The goal is ...

A Roth IRA conversion moves money from a pretax retirement account to a Roth IRA. The amount you convert is taxed as ordinary income. There are several situations where a Roth IRA conversion may make ...

The Roth IRA is one of the most powerful wealth-building strategies available, and yet also one of the most misunderstood. Should you have a Roth IRA? Should you put money into your regular IRA, your ...

Every week, Allworth Financial’s Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

But they can add to your tax burden this year. It's generally best to convert large sums over the course of several years. This could give you a little more breathing room in your retirement budget.