Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion. Roth IRA earnings are tax-free after age 59 1/2 and a five-year holding period.

A great benefiit is you can take tax-free withdrawals from a Roth IRA during retirement. The only investments you can make in a 401(k) are from those that your plan provides. Roth IRAs have ...

This limitation often leads many investors to consider alternative strategies, such as making nondeductible IRA contributions followed by a “backdoor” Roth conversion to funnel those funds ...

A 401(k) is the most popular retirement account (by far) and is often synonymous with retirement savings, but I personally prefer a Roth IRA. It may not be foolproof, but it has a few benefits ...

I have a Roth IRA account and an ordinary taxable retail stock account at a major brokerage. The two accounts are linked, internally, so I can make easy transfers. About four years ago ...

Dan Moisand is a contributor to MarketWatch and a financial planner atMoisand Fitzgerald Tamayoin Orlando, Fla.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

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