Prepaying income tax on a retirement account might be a good idea. Or it could be a really bad idea. Read this before pulling ...

Nearly a quarter of U.S. households own a Roth IRA, yet they account for just 10% of the $13.6 trillion in total individual ...

When picking which type of 401(k) or IRA is right for you, consider whether you want to save a little on your taxes now — or ...

I have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at Schwab say it can be rolled ...

Mega Backdoor Roths can help supercharge your retirement savings. Here's what you need to know about eligibility, ...

If he didn't do the conversion and left his money in his 401 (k) or traditional IRA, he would instead pay a 25% tax on each of the RMDs he would receive in subsequent years (this is assuming the ...

Many Roth conversions that look good on paper are in fact losing propositions. That's the implication of an article published in the September issue of the Journal of Financial Planning.

Instead, the tax liability depends on the type of account and whether withdrawals are taken. Traditional IRAs are taxed as ordinary income, while Roth IRAs, having been funded with after-tax ...

A Roth Individual Retirement Account (IRA) is an advantageous retirement savings vehicle that allows individuals to contribute after-tax dollars, which can then grow tax-free, leading to ...

Before you open a retirement account, you should know the disadvantages of Roth IRAs, including income limits. Learn about the drawbacks of Roth IRAs.

A Roth IRA is a pre-tax retirement account that’s funded with ... withdrawals when you hit age 73 (or 75 for people who turn 74 after Dec. 31, 2032). As a result, you won’t have to worry ...