Choosing a Roth IRA can be tough -- especially when you're just starting out. Read Next: 8 Frugal Habits Americans Are ...

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

It's not an easy thing to build up a nice balance in a Roth IRA. Doing so takes time and, in many cases, a savvy investment ...

Roth IRAs are tax-free. Traditional IRAs are tax-deferred. Understanding the ramifications of tax-free versus tax-deferred in ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

New tariffs could increase prices and shake the markets. Here’s what retirees need to know about Roth conversions, big ...

1. How Much Can You Put into a Roth IRA? For 2020, the maximum contribution to a Roth IRA is $6,000 per year.But if you’re 50 or older, that increases to $7,000 per year. There is a bit of a ...

Inheriting a Roth IRA can provide you with a financial windfall. However, there are rules you must follow so you don’t end up paying additional taxes on the money you’ve inherited. Prior to ...

Once you take your RMD out of your IRA, you can’t put it back again—the IRA designs these distributions to be taxed. Have a ...

Roth IRAs have withdrawal rules that vary based on your age, whether you’re withdrawing contributions or earnings, and more. Some withdrawals trigger taxes and penalties.