Roth

Mega Backdoor Roth IRA Conversion in Your 401(k) or 403(b)

Apr 12 2025

Here's everything you need to know about Mega Backdoor Roth conversions and whether they're the right move for you in the long run. The post Mega Backdoor Roth IRA Conversion in Your 401(k) or 403(b) ...

whitecoatinvestor.com

Markets Roller Coaster: Resist the Urge to Make Big Changes

Apr 11 2025

You could do more harm than good if you react emotionally to volatility. Instead, consider tax-loss harvesting, Roth conversions and how to plan for next time....

kiplinger.com

250K retirement lump sum Roth or Traditional IRA?

Apr 10 2025

Looking for opinions on what to do with the money. I am the higher earner of the 2 of us, aged 57, spouse is retiring as a teacher at 56. Getting about 250K lump sum in exchange for a lower COLA incre...

reddit.com

Roth IRAs and 401(k)s

Apr 10 2025

Answering reader questions about the difference between Roth and traditional IRAs, the process of opening Roth IRAs for your kids, and what to do if you over-contribute to your 401(k). The post Roth I...

whitecoatinvestor.com

Should Tariffs and Market Volatility Change Your Retirement Timeline?

Apr 10 2025

"Jim" (66) and "Karen" (64) both retired in the last six months. Jim has an IRA with $900,000, and Karen has a Roth IRA with $300,000. They inherited a brokerage account with $600,000 and a cost basis...

keenonretirement.libsyn.com

Retired

Help with our first ROTH conversion

Apr 07 2025

I understand the basics (5 year rule, paying the taxes, etc.), but does it mean I'm basically "buying" with money from my traditional IRA? Let's say I want to convert $50K. My $50K is now worth $40K (...

reddit.com

Financial Fact vs Fiction: This Roth Conversion Myth Could Cost You

Apr 06 2025

While some 'golden rules' stay in style forever, the financial landscape is constantly evolving. Here are five common myths to revisit (with more on the way)....

kiplinger.com

Roth Conversion in a Down Market: Is it Right For You?

Mar 26 2025

Facing a future tax hit on your retirement savings? A Roth conversion may be a way to lower the taxes you owe....

kiplinger.com

How Roth Accounts Can Ease Your Tax Burden in Retirement

Mar 23 2025

Strategic Roth IRA conversions can set you up for tax-free income in retirement and a tax-free inheritance for the people you love....

kiplinger.com

Kick the IRS to the Curb in Retirement

Mar 22 2025

That 401(k) or traditional IRA you've filled with your hard-earned money could turn into a tax bomb. Before it blows, see if a Roth could help rescue you....

kiplinger.com

Roth Solo 401(k): Beyond Small Business Owner Retirement Savings

Mar 22 2025

Planning for retirement is crucial, especially for those self-employed or anyone without an employer-sponsored retirement plan. A Roth solo 401(k) might be the solution....

forbes.com

Savings

Would A Mega Backdoor Roth Work In Your 401(k) Plan?

Mar 21 2025

If available, you may be able to access additional Roth savings annually. However, there are important considerations for employers and employees to keep in mind....

forbes.com

Planning

IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA

Mar 20 2025

An IRA conversion can give you a leg-up in retirement with tax-free income. But proceed with caution....

kiplinger.com

Don't Forget About State Taxes When Making Roth Conversions

Mar 18 2025

Converting a traditional IRA account to a Roth IRA is a fabulous part of a proactive tax-planning strategy to reduce the tax drag on your retirement income....

forbes.com

Strong Engagement & High Confidence: What Boldin’s Survey of Users Reveals About Strategizing Roth Conversions

Mar 18 2025

Get 6 surprising takeaways from Boldin's recent survey of users about Roth conversions. The post Strong Engagement & High Confidence: What Boldin’s Survey of Users Reveals About Strategizing...

boldin.com

Do Roth conversions still make sense today?

Mar 13 2025

To read this story on KSL.com, click here. Millions of Americans are converting their traditional tax-deferred IRAs and 401Ks into tax-free Roth accounts. CNBC reported last year that Roth conversions...

bossretirement.com

Four Roth IRA Pitfalls Your Adviser May Not Tell You About

Mar 12 2025

You may not be bound for Mordor, but Roth IRA pitfalls could upend your retirement if you're unaware of them....

kiplinger.com

Advisors

Should Your Kids Have A Roth IRA?

Mar 11 2025

If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change their financial situation in retirement....

forbes.com

Children

Your Roth IRA Could be Locked For 5 Years. Here's Why

Mar 11 2025

Roth IRAs are a great way to build tax-free retirement income—but the withdrawal rules can be tricky. In this video, I’ll break down the five-year rules, how contributions, conversions, an...

buzzsprout.com

Should You Do a Roth Contribution or Conversion?

Mar 08 2025

The most complicated routine question for investors is the annual dilemma about Roth contributions and conversions. Here's what to know. The post Should You Do a Roth Contribution or Conversion? appea...

whitecoatinvestor.com

How To Use A Mega Backdoor Roth For The Max Tax-Free Retirement Income

Mar 07 2025

You should check out the mega backdoor Roth tax-planning strategy. The huge life time tax savings can improve the health of your retirement income....

forbes.com

Roth or Traditional? Seven Considerations for High Earners

Mar 01 2025

Retirement savings and taxes are a minefield — and the higher your income, the more complicated the options. Use these tips to find your way forward....

kiplinger.com

Roth IRAs, 457(f)s, and Other Retirement Account Questions

Feb 27 2025

Answering reader questions about Roth IRAs and the pro-rata rule; self-directing your solo 401(k), 457(f)s, and 457(b)s; and when to do Roth conversions. The post Roth IRAs, 457(f)s, and Other Retirem...

whitecoatinvestor.com

Accounts

Is Your 403(b) And Roth IRA Retirement Investing Supporting Predatory Lenders?

Feb 26 2025

Most people never ask or research their retirement investing to see if it is supporting predatory lenders. Discover how index funds can often obscure this....

forbes.com

Investing

Should You Switch Retirement Contributions to Roth? - 518

Feb 26 2025

Is it better to save for retirement in traditional 401(k)s and IRAs, or in Roth accounts? That’s today on Your Money, Your Wealth® podcast 518 with Joe Anderson, CFP® and Big Al Clopine,...

purefinancial.com

Backdoor Roth in FreeTaxUSA: Recharacterize & Convert, Same Year

Feb 23 2025

Follow this detailed walkthrough of how to report a Roth conversion in FreeTaxUSA after recharacterizing a Roth IRA contribution in the same year. Learn the Nuts and Bolts I put everything I use to ma...

thefinancebuff.com

Retirement - 401K to a Roth or other account

Feb 21 2025

Hello, My goal is to in April next year to semi-retire, mainly stop working for my current company. I want to take the 401K and my Rollover IRA and pull the money out and pay taxes upfront, and then m...

community.aarp.org

401k

Inbox Questions | Should We Consider Roth Conversions with a High Income?

Feb 20 2025

In this episode, Tammy asks about the pros and cons of doing Roth conversions in retirement to manage Required Minimum Distributions (RMDs) down the road. With $2.9 million in combined IRAs and curren...

sites.libsyn.com

Income

0% Capital Gains Tax vs. Roth Conversion vs.... a Cruise? - 517

Feb 18 2025

Should Nancy in Washington take out a 401(k) loan and invest it in her brokerage account to catch up on saving for her retirement? When Joe and Big Al talk about having a balanced portfolio of various...

purefinancial.com

No Cost - Low Cost Roth Conversion Strategies

Feb 18 2025

Can you imagine eliminating ALL taxes on your retirement income? Well, you are allowed to and it's called a Roth Conversion. What's the catch? You have to pay the taxes TODAY once and done and then yo...

renovatingretirement.libsyn.com

Should You Make Roth or Traditional 401(k) Contributions?

Feb 16 2025

The Roth or traditional 401(k) decision can be complicated for high-income professionals. Consider these factors to best protect your income. The post Should You Make Roth or Traditional 401(k) Contri...

whitecoatinvestor.com

Root Talks: How Should I Split Retirement Withdrawals Between Pretax and Roth Accounts?

Feb 13 2025

In this episode, we're talking about the importance of a strategic withdrawal plan in retirement to keep taxes in check and set you up for long-term financial stability. Ari and I break down why a sim...

buzzsprout.com

Withdrawals

Ordering Rules for Roth IRA Distributions

Feb 10 2025

Distributions from Roth IRAs must follow a specific set of ordering rules so that the taxation (or non-taxation) is correct. The post Ordering Rules for Roth IRA Distributions appeared first on Gettin...

financialducksinarow.com

TSP Fund, Indemnification Clauses, and Paying Off Loans

Feb 06 2025

Answering questions about the TSP fund now allowing Roth conversions and contributions, how indemnification clauses can be problematic for docs, and the best way to pay off a hefty practice loan. The ...

whitecoatinvestor.com

Strategy

The Retirement Maneuver More People Should Be Making

Feb 01 2025

Roth conversion is often a smart choice. Don’t let the tax bill scare you....

nytimes.com

Deferred Comp, Roth Strategies, Asset Protection (and Gold) - 514

Jan 28 2025

Mike and his wife in Tampa are 39 and 36, they’ve got nearly a million bucks saved. Are they on track for retirement? Kate in California is 55 and hopes to retire in the next couple of years. Ho...

purefinancial.com

Converting portion of an IRA to a Roth IRA

Jan 22 2025

I'm 67, retired, good income from various sources. I have a pretty significant IRA I haven't touched. Really don't anticipate tapping into it for several more years, possibly only when required minimu...

reddit.com

This Late-in-Life Roth Conversion Opportunity Spares Your Heirs

Jan 18 2025

Expensive medical care in the later stages of life is an unpleasant reality for many, but it can open a window for a Roth conversion that benefits your heirs....

kiplinger.com

Converting Retirement Savings to a Roth IRA? Don't Do This

Jan 17 2025

You might want to convert all of your savings to a Roth in one go, but you could end up paying hundreds of thousands more in taxes than you have to....

kiplinger.com

Savings

Mega Backdoor Roth, Student Loans, and Expert Witness Work

Jan 16 2025

Answering questions about the Mega Backdoor Roth IRA, the right kind of financial advisor for you, side gigs and increasing your income, and whether the Trump administration is going to get rid of PSL...

whitecoatinvestor.com

Students

5 Little-Known Uses of Roth Contributions and Conversions

Jan 15 2025

Contributing to a Roth IRA is one of the smartest ways to get ahead in investing. Here are five extra reasons why. The post 5 Little-Known Uses of Roth Contributions and Conversions appeared first on ...

whitecoatinvestor.com

10 Reasons to Leave Your Heirs a Roth IRA

Jan 09 2025

Including a Roth IRA in your estate plan has clear tax advantages, which can be passed along to your heirs for years to come. But if passed down incorrectly, your heirs won’t reap the full benef...

kiplinger.com

Why You Could Make More In Retirement Than While Working

Jan 06 2025

One of the biggest reasons I was against contributing to a Roth IRA is my belief that most people won’t make more money in retirement than while working. As a result, they’re unlikely to p...

financialsamurai.com

Don’t Need Your 529? Turn It Into A Roth IRA

Dec 31 2024

If you set up a 529 education plan for your children or grandchildren that is no longer needed for education expenses, there is a new game in town....

forbes.com

Defusing a Future Tax Bomb With Roth Conversions - 510

Dec 31 2024

Does it make sense for Alex and his wife in Massachusetts to do Roth conversions now to the top of their eventual tax bracket? Steve in San Diego got serious about saving for retirement after Joe and ...

purefinancial.com

Pre-Death Planning: Roth Conversion

Dec 30 2024

A Roth Conversion strategy may be a very helpful way to generate a tax-efficient legacy for your heirs, while reducing the overall cost. The post Pre-Death Planning: Roth Conversion appeared first on ...

financialducksinarow.com

Planning

5 changes for IRAs and 401(k)s in 2025

Dec 28 2024

The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years....

financial-planning.com

Accounts

Planning

Best Financial and Retirement Articles from 2024

Dec 24 2024

Top retirement articles covered Roth mistakes, wealth, average net worth, decision-making, rules, and more related to achieving a secure future. The post Best Financial and Retirement Articles from 20...

boldin.com

Mistakes

Wealth

How much did your Roth conversion cost you?

Dec 22 2024

I am deciding whether or not to convert. I will be working for at least 10 more years. By then my tax-deferred funds will be slightly over $2 million. I want to convert at least $250k over a 5 year ti...

reddit.com