Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

Do Roth conversions make sense at age 60 or beyond? It depends.

With smart and proper planning, allocating certain types of assets into specific accounts can help reduce your annual tax liability. A Roth IRA can offer a powerful tax advantage for retirement savers ...

A Roth IRA conversion lets you move money from a traditional IRA or 401(k) into a Roth IRA. You’ll pay taxes on the amount you convert now, but you’ll gain tax-free growth and withdrawals later in ...

Fidelity says large Roth IRA conversions can spike taxes and trigger Medicare IRMAA surcharges. Learn why smaller annual ...

When you reach retirement age, financial decisions become even more important as you are no longer generating income from working. Every choice you make about your money has a direct impact on your ...

Yes, so long as you qualify to make a Roth IRA contribution Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who ...

A backdoor Roth IRA allows high-income earners to move money into a Roth IRA. It is a simple two-step strategy that works because, while the IRS sets income limits on direct Roth IRA contributions, it ...

Avoid early withdrawals from retirement accounts, such as IRAs and 401(k)s, which incur tax penalties. Consider taking some ...

Many investors within five years or so of retirement have the bulk of their savings in traditional tax-deferred 401(k)s and individual retirement accounts, instead of the after-tax Roth versions of ...

Roth conversions to secure tax-free withdrawals during retirement are gaining popularity as Ge n X gets closer to retirement, but financial advisers warn that the decision to convert should be ...