A Roth conversion could help you avoid required minimum distributions in retirement. Before you move funds into a Roth, make ...

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

Unlike employer-based 401(k)s, people set up individual retirement accounts (IRAs) for themselves. But similarly to workplace retirement accounts, traditional IRAs are funded with deductible pre-tax ...

Stream Connecticut News for free, 24/7, wherever you are. Roth individual retirement account conversions are a popular way to reduce future levies on pretax 401(k) or IRA withdrawals — and you can ...

When you reach retirement age, financial decisions become even more important as you are no longer generating income from working. Every choice you make about your money has a direct impact on your ...

If you are considering a year-end Roth individual retirement account conversion, you'll need to plan for an upfront tax bill. Still, "it can be hard to bite the tax bullet today and do a Roth ...

High earners who execute the backdoor Roth IRA correctly still generate an unnecessary tax bill through one specific timing error. The strategy itself is sound. The execution is where the money leaks.

With the backdoor Roth IRA strategy, you move nondeductible contributions from a traditional IRA to a Roth IRA and thereby benefit from potential tax-free growth and qualified tax-free withdrawals ...

Every December, financial advisors ask high-earning clients: have you done your backdoor Roth yet? The mechanics are ...

A Roth conversion ladder is a multiyear strategy to transfer pretax funds to a Roth IRA to kickstart future tax-free growth. You'll owe upfront levies on the converted balance, but there is no 10% ...