Work out the tax implications of a Roth IRA conversion before you decide Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance ...

Roth IRA conversions let you turn tax-deferred savings into Roth, incurring taxes now for tax-free withdrawals later. No limit exists on the amount you can convert per year, but large sums might ...

A Roth IRA conversion involves moving money from a pre-tax retirement plan, such as a traditional IRA or a 401(k) plan, into ...

Roth conversions involve switching a pre-tax account to a post-tax account and immediately paying the tax bill. Consider future tax rates and whether you have the cash to cover the tax bill before ...

paying less tax over time and being in control of when and how much tax you pay are valuable benefits that could contribute to your decision to convert your IRA dollars to tax-free Roth accounts.

My wife is currently working and has a traditional IRA with approximately $350,000 to $400,000. She is almost 65 but not ...

Because funds transferred from an IRA into a Roth are treated as taxable income when the conversion occurs, it can get very expensive to convert a large IRA all at once. Gradual conversion is one ...

Use our free Roth IRA calculator to see how much you can contribute this year and get an estimate of your potential retirement balance. Many, or all, of the products featured on this page are from ...

There are a number of reasons to consider a Roth individual retirement account (IRA) rollover, which moves funds from an ...

Higher earners can use a Roth conversion to fund a Roth IRA with money from a traditional IRA. Roth IRAs offer estate planning advantages as they are tax-free for heirs. A Roth individual ...