Climbing the retirement mountain takes years of saving discipline. But descending safely—turning savings into sustainable ...
Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...
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Is It Too Late to Convert to a Roth IRA at 62 With $950k in IRAs?
Fortunately, there’s no age restriction on converting a pre-tax retirement account to a Roth IRA. You can roll funds from a ...
It might seem counter intuitive to decide to pay MORE taxes now, rather than defer them, but in some cases, that can be a ...
Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...
“I have $3 million saved for retirement — and I’m going to convert it all to a Roth.” That was the statement someone made when they called to inquire about working with our team. The guy had read one ...
If you’re in early retirement — or close to it — you don’t want to gloss over the announcement of new tax brackets for 2026 ...
Many investors only start seriously thinking about Roth conversions (if at all) once the year starts wrapping up. This is because you can no longer "recharacterize" or "undo" Roth conversions if you ...
Retirees will generally have more insight into the wisdom of a Roth IRA conversion than younger workers, due to decreased uncertainty about future income paths and tax rates. Decisions about how and ...
As financial advisors, our heroics don’t typically make for riveting dinner conversation, but in our daily duties, we frequently step in and save the day. We wield advanced modeling tools to optimize ...
Because Medicare premiums are tied to income, converting a $235,000 retirement account to a Roth IRA has the potential to cause Medicare Part B premiums to increase. For many taxpayers, in fact, a ...
Responding to a call from a financial advisor in Washington, the ERISA consultants at the Retirement Learning Center (RLC) address a question on the new permitted Roth IRA rollovers from Section 529 ...
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