New in 2025 is an extra $6,000 per individual, in addition to the standard deduction, for those over age 65 who meet the ...

I’m 72 years old and have my IRA in stock. I start required minimum distributions next year so I want to convert to a Roth ...

You can make a Roth IRA conversion at any time, as long as you have money in a qualifying pre-tax account. But the real ...

A Roth IRA conversion is available any time you have money in a qualifying pre-tax account. People choose to make a ...

Any money you move from a traditional IRA to a Roth IRA is treated as ordinary income. That's why you should make these ...

When you leave a job, it is usually a smart move to take your 401(k) with you. That does not mean cashing it out, since doing that could trigger taxes and early withdrawal penalties. Instead, it means ...

Many investors within five years or so of retirement have the bulk of their savings in traditional tax-deferred 401(k)s and individual retirement accounts, instead of the after-tax Roth versions of ...

When saving for retirement, the first decision is how much. But the next decision is where: Do you contribute to a traditional retirement account or a Roth? By far, the majority of retirement assets ...

As 2025 nears its end, it's a good time to evaluate which money moves we should make before the taxable year comes to a close. Clients often ask whether they should convert funds in tax-deferred ...

In January, new Roth catch-up rules will prevent workers over 50 who earned more than $150,000 the prior year from making pre ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in the practice and a tool we are using ...

'I know all about taxes, Medicare, growth rate, inflation, Roth conversions, etc.' "My question is how much should I convert in my 401(k) every year prior to turning 73 when required minimum ...