Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The answer may depend on how you go about it. A Roth conversion can provide ...

HUNTSVILLE, Ala. (WAFF) - A backdoor Roth conversion is a strategy used by high-income earners to contribute to a Roth IRA, even when their income exceeds the IRS limits for direct Roth contributions.

Few people will dispute the fact that Roth IRAs are an incredibly powerful way to grow wealth. Unfortunately, getting a significant amount of money into a Roth account is tricky. In 2025, annual ...

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 ...

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...

The Mega Backdoor Roth is a pathway to move nearly $50,000 of taxable investment money into a "tax-free" sanctuary every ...

The IRS has unveiled the Roth individual retirement account contribution and income limits for 2025. For 2025, the total contribution limit to Roth IRAs remains $7,000, unchanged from 2024, according ...

When is a Roth conversion a good idea? Readers are confused about their strategies. Got a question about investing, how it fits into your overall financial plan and what strategies can help you make ...

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can withdraw the money tax-free.

Roth IRA annual limits are $7,000, or $8,000 if aged 50+. Your modified adjusted gross income (MAGI) affects your ability to contribute with income phaseouts for high earners. High earners can utilize ...

Last year, the IRS issued final regulations related to limits set by the SECURE 2.0 Act to pre-tax contributions that ...