For savers with money in a traditional retirement account, age 73 is when required minimum distributions, or RMDs, begin (though for younger workers, they don't start until 75). Failing to take RMDs ...

There's a reason Roth conversions are a big part of many people's retirement strategy. If you earned too much money most of ...

Roth IRA conversions might seem complicated at first, but they're a great way for retirees to reduce their tax burden. Learn ...

Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

Retirees will generally have more insight into the wisdom of a Roth IRA conversion than younger workers, due to decreased uncertainty about future income paths and tax rates. Decisions about how and ...

You'll owe income taxes in the year you convert ...

In life, you often get second chances — and the same is true with investing. To illustrate: You might not have been able to contribute to a Roth IRA during your working years due to your income level, ...

Roth IRA conversions are a brilliant strategic stroke for some people but a sub-optimal choice for others. Which tax bracket(s) can benefit the most?

If you think retirement planning moves stop at retirement, think again. For high earners, converting an IRA to a Roth IRA while you're still working could be the worst time of all. Although it won't ...

When is a Roth conversion a good idea? Readers are confused about their strategies. Got a question about investing, how it fits into your overall financial plan and what strategies can help you make ...

Doing a Roth conversion in any climate can be a painstaking and nerve-wracking process. That said, let’s dive into whether investors should convert their traditional retirement accounts to Roth ...

Jean Chatzky warns about a vital tax mistake people make with backdoor Roth IRAs. Sources include IRS, SSA, Fidelity, Charles Schwab, New York Times, HerMoney.