Key Takeaways A mega backdoor Roth uses after‑tax 401(k) contributions plus conversions to move much more into Roth each year ...

A 62-year-old with $1.5 million in a traditional IRA may be wise to consider converting $150,000 per year to a Roth IRA to ...

Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

The IRS is tightening rules on the backdoor Roth. Learn how new enforcement could close this popular tax loophole.

Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs offer tax-free growth and withdrawals with no required minimum distributions during the ...

If you're considering a 2025 Roth IRA conversion, now's the time to act. There are certain retirement moves, like claiming your 401(k) match, that you can do at any point during the year. There are ...

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 ...

An individual may elect to defer some of their wages into a retirement plan through their employer's plan . That deferral ...

Roth vs Traditional: compare today’s marginal vs future effective tax rates. Roth accounts offer planning flexibility. Read ...

It's easy to understand why Roth IRAs (individual retirement accounts) are a popular retirement savings vehicle. IRAs are funded with after-tax dollars and offer tax-free growth and withdrawals. And ...