Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a ...

For instance, if you’re able to pay Roth conversion taxes from a taxable account, such as your standard brokerage account, the full value of your IRA can move to the Roth account. By not paying ...

The immediate tax bill can be avoided by allocating after-tax funds to a Roth IRA and pretax funds to a traditional IRA. Be sure to consult a tax professional if you're unsure of how a conversion ...

The key is you need earned income in order to contribute to a Roth IRA. A conversion, on the other hand, takes money that’s already inside a tax-deferred account and moves it over to a Roth account.

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 you ...

There’s no way to entirely avoid paying income taxes when you convert a traditional IRA into a Roth account. However, with smart financial planning you can reduce the impact of those taxes.

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 ...

Don't forget you can open and contribute to a 2025 Roth IRA until the due date of your 2025 tax return on Tuesday April 15, 2026. Here's what you need to know about 2025 Roth IRA contribution and ...

For this edition of the Two-Minute Money Plan, Greg Reynolds with Reynolds Wealth Management discusses whether you should rethink that Roth IRA conversion. Skip to content WANE 15 ...