At first, the increases tend to be modest. At age 73, the typical RMD is 3.77% of the account balance at the end of the prior year. By age 80 the percentage is still under 5%. However, the percentage ...

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

I just received a Social Security notice that my modified adjusted gross income was over the income-related monthly ...

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 ...

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 ...

In retirement, it's not too late to convert your money into a Roth IRA. The IRS will let you convert qualified funds at any ...

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you ...

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 ...

One common swap that people make is converting their traditional IRA to a Roth IRA. With this move, retirees can skip paying ...

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 ...

The Roth IRA's allure is easy to understand: The IRS is pretty much always in the rear-view. When you contribute money, that money has already been taxed. So your money grows tax-free in the account, ...

Going into the 2024 presidential election, the conventional wisdom and received knowledge of the chattering classes, when asked whether or not it was smart to convert a regular IRA into a Roth IRA ...