If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change ...

C hoosing between Roth and pre-tax contributions for retirement savings depends on how each impacts your taxes now and in retirement. Roth contributions are made with after-tax dollars, so both ...

People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is in ...

Many investors don’t plan for future taxes when contributing to traditional IRAs. Here are the key things to know.

Tax season usually brings a refund check for most workers, but if you're retired, you could wind up owing the IRS.

Retirement savings and taxes are a minefield — and the higher your income, the more complicated the options. Use these tips ...

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

This is in contrast to the traditional 401(k), where contributions are made pre-tax, and you then pay income taxes when you withdraw funds later on. With a Roth 401(k), "any money that you ...

You can reduce the impact that taxes have in retirement by converting pre-tax savings into Roth assets. Doing so not only unlocks future tax-free growth, but also helps you minimize or avoid ...

otherwise known as a “backdoor Roth.” With a conversion, you take assets in an existing pre-tax account, like a traditional IRA or 401(k), and transfer it to a Roth IRA in one lump sum.

There’s a reason workers are often advised to save for retirement in a Roth IRA or 401(k). Not only do Roth retirement plans ...