To illustrate: You might not have been able to contribute to a Roth IRA during your working years due to your income level, but you may get that opportunity as you near retirement, or even when ...
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That’s the simple and essential premise of Roth conversions — paying taxes now on regular IRAs, 401(k)s and other tax-deferred retirement accounts (except those from your current job ...
The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...
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Roth IRAs give you the benefit of tax-free growth and withdrawals. You also don’t have to worry about required minimum distributions. It pays to consider a Roth IRA for its flexibility, but look ...
That’s something a Roth IRA won’t give you, since Roth IRAs are funded with after-tax dollars. In spite of this, the Roth IRA may be the most powerful retirement savings tool in existence.
I wrote about it last year. Rothification is the conversion of an ordinary individual retirement account or 401(k) into a Roth I.R.A. For simplicity I’ll stick with the case of converting an ...