Individuals open IRAs on their own—unlike employer-run 401(k)s. Traditional IRAs use deductible pretax income, and taxed only when you withdraw at 59½.

Advisors should ask every client to prioritize their financial goals and carefully consider the benefits and risks of Roth ...

These provisions of OBBBA must be taken into account for retirement planning, with careful consideration of differing MAGI limits and effective dates. Roth conversions are likely to deliver long-term, ...

There is no age limit on Roth conversions, so you can transfer pre-tax savings into a Roth IRA regardless of your age or ...

When it comes to retirement savings, the rules around Roth IRAs can be confusing — even for experienced investors. One listener of Suze Orman's "Women & Money" podcast recently discovered a ...

My wife and I are in our 60s. We both have traditional IRAs, but no Roth IRAs. We’re considering doing annual Roth IRA conversions so that our beneficiaries can inherit tax-free accounts. Can we ...

Q. I am confused about the five-year regulations regarding Roth conversions. Can you clarify? A. This is a question I receive frequently. I put the question to Sarah Brenner, an attorney with Ed Slott ...

You can contribute up to $7,000 to a Roth IRA (or $8,000 if you're 50 or older) if your income is below $146,000 for single adults or $230,000 for married couples filing jointly. You may withdraw Roth ...

There are two 5-year rules: One for contributions and the other for conversions. A subset of rules exists, based on your age. It’s important to know which qualified expenses allow you to withdraw ...

Albert, a 57-year-old listener, wrote to Orman after moving $10,000 from his traditional IRA into a Roth IRA in 2024. Like many investors, he knew he would owe ordinary income taxes on the conversion.