Roth
Showing 50 results of 125
How Non-Traded REITs Could Give Your Roth IRA a Boost
May 01 2024
In addition to increasing the diversity of your portfolio, adding a non-traded REIT within your Roth IRA allows the resulting dividends to grow tax-free....
kiplinger.com
What’s the Break-Even Point on Roth Conversions? - 477
Apr 16 2024
Are there ever times when going all Roth isn’t the best strategy? How do you determine the break-even point on doing Roth conversions? That’s today on Your Money, Your Wealth® podcast ...
purefinancial.com
Split-Year Backdoor Roth IRA in FreeTaxUSA, 2nd Year
Apr 14 2024
The previous postSplit-Year Backdoor Roth IRA in FreeTaxUSA, 1st Yeardealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth IRA contributi...
thefinancebuff.com
15 Common Roth Conversion and Savings Mistakes People Make
Apr 12 2024
It is highly likely that you have considered saving (or converting existing savings) into a Roth IRA or 401k. Someone, a friend, family member, advisor, your bank, or colleague may have recommended it...
newretirement.com
Traditional Retirement Accounts or Roth? How to Choose
Apr 11 2024
Let’s compare traditional IRAs, traditional 401(k)s, Roth IRAs and Roth 401(k)s. Which might work best for you could depend on your income and tax status....
kiplinger.com
Split-Year Backdoor Roth IRA in FreeTaxUSA, 1st Year
Apr 09 2024
The best way to do abackdoor Rothis to do it “clean” by contributing *for* and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...
thefinancebuff.com
Backdoor Roth in H&R Block: Recharacterized in the Same Year
Apr 09 2024
You may have contributed to a Roth IRA and then realized later in the year that you would exceed the income limit. You recharacterized the Roth IRA contribution as a Traditional IRA contribution and c...
thefinancebuff.com
Split-Year Backdoor Roth IRA in H&R Block, 2nd Year
Apr 07 2024
The previous postSplit-Year Backdoor Roth in H&R Block, 1st Yeardealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth IRA contributio...
thefinancebuff.com
Split-Year Backdoor Roth IRA in H&R Block, 1st Year
Apr 07 2024
The best way to do a backdoor Roth is to do it “clean” by contributing for and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...
thefinancebuff.com
Could a Roth Conversion Help Optimize Your Retirement Plan?
Apr 02 2024
Roth conversions can be a powerful retirement-planning strategy. Watch this clip from Retirement University’s online course, “Tax-Saving Strategies in Retirement” to learn how Roth c...
theretirementsolution.com
Pay ZERO Capital Gains Tax vs Roth Conversions in Retirement: How to Determine Which is Best
Mar 26 2024
Listener Drew asks about a tax strategy for juggling capital gains and Roth conversions. While it can be a complicated question – especially when large accounts are involved – James provid...
buzzsprout.com
Roth Conversions: Convert Everything at Once or as You Go?
Mar 20 2024
Two hypothetical examples of Roth conversions made at different times (all at once vs as you age) show a stark difference in what could be left for your beneficiaries....
kiplinger.com
Should I Consider the Roth 401(k)?
Mar 19 2024
The Roth 401(k) is gaining in popularity due to employers offering it inside their plans and also thanks to provisions in the Secure Act 2.0 that only pertain to the Roth option. The question is, is i...
401kmaneuver.com
Backdoor Roth in TurboTax: Recharacterize & Convert, Same Year
Mar 10 2024
You may have contributed to a Roth IRA and then realized later in the year that you would exceed the income limit. You recharacterized the Roth IRA contribution as a Traditional IRA contribution and c...
thefinancebuff.com
How Much Should You Convert to Roth IRA? - 471
Mar 06 2024
Big Tex, Paul in Maryland, and Nick in Alabama all need to know how much money they should convert to Roth to pay as little tax as possible, today on Your Money, Your Wealth® podcast 471 with Joe ...
purefinancial.com
Backdoor Roth in TurboTax: Recharacterize and Convert, 2nd Year
Mar 04 2024
The previous post Backdoor Roth in TurboTax: Recharacterize and Convert, 1st Year dealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth I...
thefinancebuff.com
Backdoor Roth in TurboTax: Recharacterize and Convert, 1st Year
Mar 04 2024
The best way to do a backdoor Roth is to do it “clean” by contributing *for* and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in...
thefinancebuff.com
Back to the Future: Conduit (Roth) IRAs
Feb 26 2024
Before “dashboards,” GAO should embrace the Conduit (Roth) IRA—A superior solution for…...
401kspecialistmag.com
February 2024 Best of the Web
Feb 26 2024
This month’s resources explore the benefits of utilizing tax-deferred accounts as well as the potential upsides and challenges of later converting to Roth. Resources will challenge you to think ...
caniretireyet.com
Know How To Make A Tax-Free Rollover From 529 Plan To A Roth IRA
Feb 20 2024
A recent law allows tax-free rollovers from 529 plans to Roth IRAs, but there are hurdles to be cleared....
forbes.com
?? Find Out Whether a Roth 401(k) Is Right for You (AARP Article)
Feb 20 2024
ANYONE HAS ONE? ? I DON'T! ? 5 questions to ask if your workplace offers an after-tax retirement savings plan. By Tamara E. Holmes. Published February 20, 2024. https://www.aarp.org/retirement/plannin...
community.aarp.org
Backdoor Roth conversion question
Feb 16 2024
I just contributed $7,500 to traditional non deductible IRA for 2023 year with a plan of converting to Roth when the account is funded in a few days. I have work 401k balances that upon leaving my emp...
reddit.com
Is A Roth IRA Better Than A 529 Plan?
Feb 05 2024
Are you a parent looking for the best way to build a savings account for your child? Here’s a common question many seek the answer to....
forbes.com
Roth Conversions to Pay Less Tax on Retirement Withdrawals - 466
Jan 31 2024
Should Peter LemonJello, who has high income, and his wife, who is retired with zero income, file their taxes as married filing separately so they can start Roth conversions? What are the tax implicat...
purefinancial.com
10 Reasons to Save for Retirement in a Roth IRA
Jan 31 2024
Roth IRAs give you a tax-free source of retirement income....
money.usnews.com
Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207
Jan 29 2024
If you have rollover IRA accounts and want to make a backdoor Roth IRA contribution, this episode is for you. There are several steps involved to handle this strategy in the right way including unders...
financialsymmetry.com
What's the Right Roth Conversion Amount to Avoid a Tax Nightmare in the Future?
Jan 23 2024
Sammy, a 51-year-old retiree, is seeking advice on how much she should convert from her traditional IRA to a Roth IRA each year to avoid jumping tax brackets and minimize the taxation of her social se...
buzzsprout.com
The 529 to Roth IRA Rollover (Including for Yourself)
Jan 21 2024
[Editor's Note: If you’re looking to take immediate steps to increase your income that will continue you on the path toward financial security, enrollment is now open for Expert Witness Startup ...
whitecoatinvestor.com
Tax Strategies, Backdoor Roth, Buy vs. Rent - 464
Jan 16 2024
It’s a voice message extravaganza as Joe and Big Al talk about tax gain harvesting on Dante in New York’s daughter’s custodial account, and the tax impacts of Leon in Chicago investi...
purefinancial.com
Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207
Jan 15 2024
As part of our efforts to bring you actionable strategies to help you reach your ideal retirement, we’re tackling a complex question today. The backdoor Roth strategy can be a way to increase yo...
financialsymmetry.libsyn.com
6 Strategies to a Roth IRA for High Income Earners
Jan 09 2024
High income earners may face limitations when contributing to a Roth IRA due to income restrictions. However, there are several strategies they can employ to maximize the benefits of a Roth IRA or fin...
commonfinancialsense.com
Retirement Investing, Roth Conversion Pros & Cons: YMYW Best of 2023 - 463
Jan 09 2024
We’re revisiting your favorite Your Money, Your Wealth topics and Derails of 2023 in this Roth and retirement investing mega-episode. Safe investing when you’re risk averse, mutual funds v...
purefinancial.com
The Backdoor Roth IRA When Life Is in Flux (and Why to Beware a Contribution in January)
Jan 08 2024
By Dr. Tyler Scott, WCI Columnist As the daylight fades ever earlier and the hushed softness of newly driven snow quiets the world around me, I, in only the second winter of my newly blossomed financi...
whitecoatinvestor.com
Roth & Retirement Spitball, Insurance, and the Origins of YMYW - 461
Dec 26 2023
Spitballing on early retirement and Roth conversions to finish 2023. How can Jack and Diane (no, the other, other Jack and Diane, these are the ones in Rochester, MN) bridge the gap to retirement at a...
purefinancial.com
Roth IRAs Are NOT a Bad Investment
Dec 25 2023
Today, Dr. Jim Dahle debunks an article recently published titled “Why a Roth Is a Bad Idea ( Yes, You Can Lose Money).” He spends time educating on why a Roth is a fantastic place to put ...
whitecoatinvestor.com
deposit in a Roth or traditional IRA for F61yo
Dec 23 2023
My wife (who does not work, used to but not in the past 10 years) has a traditional IRA in addition to a Roth IRA. We are going to deposit $7500 for 2023 into one of these accounts and wondered which ...
reddit.com
Mostly retired. Make sense to contribute to our Roth IRAs for 2023
Dec 21 2023
My husband (61) is 100% retired. I'm (62) mostly there but did work part time for half the year so have earned income. Is there any reason we absoluteely should (or should not) contribute to our Roth ...
reddit.com
How to Invest: Bonds, CDs, and Roth Conversions - 460
Dec 19 2023
Joe and Big Al spitball on investing in index funds, bonds, CDs, treasuries, annuities, net unrealized appreciation on company stock, and where to park cash right now. Plus, how do taxes, Roth convers...
purefinancial.com
Fidelity Roth Conversion: Why, and Step-by-Step Instructions
Dec 14 2023
One of the advantages of reduced income due to leaving my full-time career is the opportunity to execute a Fidelity Roth conversion. Roth conversions allow investors to transfer money from a 401(k), t...
retirebeforedad.com
Am I Ok to retire at 67? Will I have to work? I live frugally.
Dec 14 2023
Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...
reddit.com
Custodial Roth IRA: Is It Right For You?
Dec 05 2023
Custodial Roth IRAs have become popular for parents looking to help their children build their savings. These accounts offer a ... Read more...
physicianonfire.com
How I Failed and Then Mastered the Backdoor Roth IRA
Dec 05 2023
By Dr. Rikki Racela, WCI Columnist The founder of this website is often baffled by the amount of questions/grievances/headaches that WCI followers face when attempting the Backdoor Roth IRA. It seems ...
whitecoatinvestor.com
Worth contributing to a Roth in late 50s?
Dec 05 2023
I'm (f57) am considering opening Roth accounts for me and my husband (60). I'm maxed out on my 401(k) and plan on being in a lower tax bracket when we retire. We're not eligible for a traditional IRA,...
reddit.com
Is It Time To Convert Your IRA To A Roth?
Dec 03 2023
If you have a big wad in a pretax IRA, sit down with your accountant now....
forbes.com
How to calculate amount for Roth Conversion
Dec 02 2023
Hello. I would like to do a Roth conversion this year (first time). Is this as simple as withdrawing up to the amount that puts me at the top of the tax bracket I am in without the conversion? Thanks ...
reddit.com
Roth 401(k) vs Roth IRA
Nov 28 2023
According to Becker’s Hospital Review, 74 percent of doctors are either corporate or hospital employees. As of a 2021 study, ... Read more...
physicianonfire.com
Roth IRA transferred to new brokerage, 5 year clock restarts?
Nov 28 2023
Had recently transferred my Roth IRA to a new brokerage firm. The original Roth was opened 10 years ago with yearly contributions. Does the 5 year clock for withdrawals restart in the new Roth IRA acc...
reddit.com
How do I find a tax advisor to guide me on IRA withdrawals and Roth conversions?
Nov 27 2023
I’m 65 and plan on retiring from full time employment in 26 months. I have a military pension, 900k in retirement savings (mostly in non-Roth, unfortunately), planning on drawing SS when I retir...
reddit.com
Why a Roth IRA Is a Bad Idea (Yes, You Can Lose Money)
Nov 17 2023
Have you ever been swept up in the wave of unanimous praise for something, only to later discover that nearly ... Read more...
physicianonfire.com
Is Retirement A Good Time For Roth Conversions?
Nov 15 2023
If you have cash on hand at retirement, a multi-year Roth conversion strategy is worth considering depending on your asset mix and other factors....
forbes.com
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About Roth
A Roth account is a type of individual retirement account (IRA) that is funded with after-tax dollars. This means that the money you contribute to a Roth account has already been taxed and you will not receive a tax deduction for your contributions. However, the money you contribute to a Roth account grows tax-free and you can withdraw your contributions and any earnings on them tax-free in retirement.
One of the main benefits of a Roth account is that it provides tax-free income in retirement. This can be especially valuable for people who expect to be in a higher tax bracket in retirement than they are currently, as they can avoid paying higher taxes on their retirement income.
To be eligible to contribute to a Roth account, you must meet certain income requirements. There are also limits on how much you can contribute to a Roth account each year. It's important to consult with a financial advisor or tax professional to determine if a Roth account is right for you and to understand the specific rules and limitations that apply.