Roth
Showing 45 results of 245
The Marginal Value of the Backdoor Roth. Is it Worth the Trouble? - Physician on FIRE
Mar 02 2023
The backdoor Roth is touted as an important, no-brainer move for a high-income investor to make. This post explores the marginal benefit of doing so....
physicianonfire.com
Backdoor Roth IRA 2023: A Step by Step Guide with Vanguard - Physician on FIRE
Mar 01 2023
A step by step guide that shows you how to successfully complete a Backdoor Roth IRA contribution via Vanguard in 2023 (for a mutual fund or brokerage IRA)....
physicianonfire.com
Contribute to 401k or Roth 401k?
Feb 27 2023
Should I be contributing to my 401k or Roth 401k? My employer offers both and I currently contribute 4% to the Roth 401k and 3% to my 401k. Should I go full Roth? Currently make $135k/yr and anticipat...
reddit.com
529 plans get a boost with tax-free rollovers to Roth IRAs
Feb 24 2023
Thanks to the SECURE 2.0 Act, you’ll soon be able to roll over funds from your 529 into a Roth IRA, as long as certain conditions are met. Here’s what you need to know about the new change...
kiplinger.com
Roth IRA income ceiling exceeded - looking for other tax advantaged options.
Feb 24 2023
This year was the first year where we exceeded the income ceiling for being able to contribute to a Roth IRA. Of course, I didn't know that that would be the case until well after I'd already made my ...
reddit.com
The Changes to Roth Accounts Because of Secure Act 2.0
Feb 15 2023
[Editor's Note: Today is the day that could change the lives of every medical and dental student reading this. Beginning at 6pm MT, WCI founder Dr. Jim Dahle and StudentLoanAdvice.com co-founder Andre...
whitecoatinvestor.com
Robinhood Roth IRA vs Acorns
Feb 12 2023
I want to clarify that the Robinhood Roth IRA is the better option when compared to the Acorns Roth IRA. From what I understand, Robinhood offers 1% matching and no monthly fee. Acorns does not match,...
reddit.com
Taxing of Roth accounts in the future
Feb 12 2023
If this does not belong here.. Dump it. Not meant to be politically based. What are the chances that the Fed’s start taxing Roth accounts like they do Social Security Payments? How would / could...
reddit.com
Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think
Feb 11 2023
The choice between pre-tax and Roth 401(k) contributions may be trickier than you expect, financial experts say. Here's what to know....
cnbc.com
Backdoor Roth for 2022 and 23 Question
Feb 10 2023
Learned that deadline to convert from Traditional to Roth for 2022 tax year was Dec 31, 2022. If one was to contribute now for 2022 as a Traditional IRA, can that all be converted into a Roth IRA when...
reddit.com
Question on over-contributing…
Feb 09 2023
Hello!! Sorry, I’m new to this but I currently have a simple IRA from my employer, and a ROTH IRA that I max out every year. I understand that traditional and Roth IRA contributions are not to e...
reddit.com
The 4% Rule
Feb 09 2023
I see a number of people working very hard and saving in a 401(k) or IRA (or Roth IRA). Are you aware of the 4% rule? Have you spoken to your advisor about it? Google ‘The Trinity Study’ a...
reddit.com
Advice for your younger self
Feb 07 2023
I’m a 51 yo . I have 401K with $228,000. I earn $110,000-120,000 a year. Save 13% plus employer matches 100% up to 6%. I also max out my Roth. For January total invested between 401k, employer m...
reddit.com
Roth IRA yearly reset
Feb 05 2023
You can contribute $6000 per year to your Roth IRA, but when does that “year” reset? Is it calendar year, meaning it resets in January? submitted by /u/AtuinTurtle[visit reddit] [comments]...
reddit.com
Roth IRA invested in TDF - Pros and Cons
Feb 04 2023
I know taken into account how much is invested and the glide path tends to be more conservative shifting to bonds down towards retirement. Anything else to be aware of? submitted by /u/Ok_Assignment41...
reddit.com
7 Best Roth IRA Accounts of 2023
Feb 03 2023
The oldest millennials are now in their 40s, and many are way behind in retirement savings. Fortunately, there's time to turn things around....
money.com
Best Roth Conversion Tax Strategy - Leisure Freak
Feb 01 2023
There are many articles claiming to have the Best Roth Conversion Tax Strategy. In the end it all comes down to individual situations and where they are...
leisurefreak.com
Rolling Over Leftover 529 Funds Into A Roth IRA: Who Cares?
Jan 30 2023
A 529 plan is one of the best generational wealth transfer tools. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. Thanks to the SECURE...
financialsamurai.com
My job is being eliminated and I will get a severance package. Is that considered income for IRS limits on Roth IRA contributions?
Jan 27 2023
'Is it possible to contribute to a new 401(k) account to get additional matching?'...
marketwatch.com
Considering a Roth IRA Conversion? 6 Reasons It Makes Sense
Jan 22 2023
Avoiding possibly higher taxes in retirement, having no RMDs and the markets being lower are just three reasons to switch to a Roth IRA....
kiplinger.com
roth conversions
Jan 19 2023
I don't really expect a direct answer to my situation, but I have been trying to analyze/compute the optimum roth conversions. I have what I think is a modestly sophisticated spreadsheet that takes in...
reddit.com
Roth conversion
Jan 18 2023
Roth conversion, x-post Tldr, I can't see where a Roth conversion makes much sense, can you? Let's pretend Let's pretend Martha is averaging $30k/yr on dividends in a non-retirement account for severa...
reddit.com
Mega Backdoor Roth - How to get 66k in a Roth this Year
Jan 16 2023
A question I see a lot online is how to properly execute a Mega Backdoor Roth, or how to get more in Roth retirement savings, even if you exceed income limits. Here is a guide my planning firm wrote o...
reddit.com
Mega Backdoor Roth IRA
Jan 16 2023
Each year I currently do a backdoor Roth IRA contribution via a non-deductible contribution to my Trad, then convert over to a Roth IRA. I recently learned about the "Mega backdoor Roth IRA" that lets...
reddit.com
Multiple Roth IRA Accounts - Good Or Bad?
Jan 14 2023
I’m in my mid 20’s and just learned about Roth IRA retirement funds a couple years ago. (yes I wish I knew when I was 18) Anyway, I opened my first Roth IRA through Primerica about 2 years...
reddit.com
How to Do a Backdoor Roth IRA with Schwab
Jan 10 2023
[Editor's Note: It’s a new year, and The White Coat Investor wants to continue understanding who our readers are and what they want. That’s why we created this survey—so we can conti...
whitecoatinvestor.com
Roth IRA Contribution Income Limits For 2023
Jan 09 2023
I am so happy to have some good news for Roth IRA investors finally. Roth IRA contribution limits have increased for 2023....
forbes.com
IRS: Roth IRAs
Jan 07 2023
Find out about Roth IRAs and which tax rules apply to these retirement plans....
irs.gov
Why Wealthy Charitable People Should Not Do Roth Conversions
Jan 06 2023
By Dr. James M. Dahle, WCI Founder In our own personal financial lives, Katie and I are focusing a great deal on legacy and estate planning. Recently, I was spending a lot of time thinking about Roth ...
whitecoatinvestor.com
Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
Jan 05 2023
Market conditions are perfect right now to pay tax on some of your retirement funds and avoid a bigger hit later....
marketwatch.com
Why a Roth Conversion or Backdoor Roth IRA is a Good Idea Right Now
Dec 30 2022
Doing a Roth conversion — also known as a “backdoor Roth IRA” – is perhaps still appealing in 2023. Why? Low 2023 tax rates.What is a Roth Conversion? Backdoor IRA? A Roth Conv...
newretirement.com
The Sweet Spot for Roth IRA Conversions
Dec 26 2022
How do you make decisions about Roth IRA conversions? Tax rates, tax credits, special situations, and lifetime tax liability all factor in....
stopironingshirts.com
How the Spending Bill’s New Retirement Rules Will Affect Roth IRAs and 401(k)s
Dec 23 2022
Want to transfer money from a 529 plan to a Roth I.R.A. or get an after-tax employee match in your Roth 401(k)? You may be in luck....
nytimes.com
Families can make a tax-free rollover from 529 plans to Roth
Dec 23 2022
Lawmakers say new rules would rescue funds from tax penalties and promote more college savings....
cnbc.com
Are You Too Old to Benefit From a Roth IRA?
Nov 29 2022
Here's how to decide if you should contribute to a Roth IRA near retirement....
money.usnews.com
Ask an advisor: Should I get a traditional or Roth 401(k)? My company offers both
Nov 15 2022
A young engineer in Providence faces two choices for a lifetime of retirement saving. Advisors weigh in....
financial-planning.com
Roth TSP vs Roth IRA: How Do They Compare? | Personal Capital
Sep 13 2022
Roth TSP vs Roth IRA: If you’re a U.S. military member or a federal government employee, you're eligible for both. Discover which plan is right for you....
personalcapital.com
Roth IRA Conversion Calculator | Personal Capital
Jul 27 2022
Estimate how much more or less you would owe in taxes by converting some or all of your account to a Roth with our easy-to-use Roth IRA conversion calculator....
personalcapital.com
When Are Roth Accounts Better then Tax-Deferred?
Jul 18 2022
The Roth vs. tax-deferred investment debate requires a lot of assumptions about an unknowable future. Learn what factors impact your outcome....
caniretireyet.com
Roth 401k vs. Roth IRA: Key Differences | Personal Capital
Apr 27 2022
The biggest differences between a Roth 401k vs a Roth IRA are contribution limits, eligibility criteria, and required minimum distributions in retirement....
personalcapital.com
What Is a Bitcoin Roth IRA?
Apr 21 2022
You may be able to put cryptocurrency in your Roth IRA....
money.usnews.com
10 Reasons to Save for Retirement in a Roth IRA
Apr 11 2022
Reduce your retirement tax bill with a Roth IRA....
money.usnews.com
Mega Backdoor Roth: Convert Within Plan or Out to Roth IRA?
Apr 26 2016
When your 401k-type plan allows non-Roth after-tax contributions, you can take the money out to a Roth IRA or convert to Roth within the plan. Either way works....
thefinancebuff.com
Multiple Roth IRA Conversion Strategy
May 04 2015
A Roth conversion can be a smart move. But it can be made even smarter if you use more than one Roth IRA to do it, then recharacterize the underperformers....
whitecoatinvestor.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.