At first, the increases tend to be modest. At age 73, the typical RMD is 3.77% of the account balance at the end of the prior year. By age 80 the percentage is still under 5%. However, the percentage ...

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 ...

You can make a Roth IRA conversion at any time, as long as you have money in a qualifying pre-tax account. But the real ...

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, ...

Roth conversions increase current-year taxable income, but they allow clients to keep more of their money long-term. If they don’t convert, clients (or their heirs) will have to pay taxes on the IRA ...

If you were planning a Roth conversion maneuver this year, the newly-introduced One Big Beautiful Bill (OBBB) doesn’t directly impact the strategy. However, it does have an indirect impact that could ...

Many investors within five years or so of retirement have the bulk of their savings in traditional tax-deferred 401(k)s and individual retirement accounts, instead of the after-tax Roth versions of ...

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 ...

In 2025, a record 4.18 million Americans will turn 65. For those planning to retire soon, an important question arises: Does converting retirement savings from a tax-deferred account to a Roth IRA ...

I found your column "Do Roth IRA conversions still make sense with the passage of the GOP tax law?" very helpful and I better understand the strategic choice a conversion to a Roth IRA represents. My ...