Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.

One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

In a Roth conversion, “you’re taking money out of a conventional IRA, you’re paying taxes on it, and you’re converting it into a Roth,” Mattia said. There, the money can continue to ...

Roth IRA contributions can be withdrawn anytime without taxes or penalties. Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion. Roth IRA ...

Roth individual retirement accounts (IRAs) are powerful tools for building tax-free savings in retirement. If you’ve got one already or plan to open one soon, use our Roth IRA calculator to see ...

You can withdraw Roth IRA contributions anytime tax- and penalty-free. Withdrawals of earnings before you reach age 59½ and before the account is five years old can trigger taxes and penalties ...

A Roth IRA offers flexibility and tax benefits, but also contribution limits and income requirements to consider. Here’s what to know about this retirement account, including how it works and ...

"Just like a Roth IRA, the dollars grow tax-deferred. However, on all that growth in the traditional IRA, ultimately you’re going to be taxed when you take it out down the road," Jenkin said.

You should be able to roll over your 401(k) into a Roth IRA, but be prepared to pay taxes when you make the transition. When you withdraw funds, they won't be taxed.

Discover what a backdoor Roth IRA is and how it works, how to set one up, the rules you must follow, and when a backdoor IRA might not be the right choice for you.

Earnings withdrawal rules. You can only withdraw investment earnings from a Roth IRA if you are over age 59 ½, a first-time homebuyer, disabled, or the beneficiary of a deceased person’s Roth IRA.