Recent market swings due to tariffs have unsettled investors, including IRA owners, though conditions have stabilized ...

Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The ...

I want to do a Roth conversion from my traditional IRA in the amount of $250,000. It’s my understanding that I have to pay ...

A Roth IRA conversion is a financial strategy that allows individuals to transfer funds from a traditional IRA or other ...

Convert to a Roth IRA Next, convert your traditional IRA to a Roth IRA. Most financial institutions allow you to do this easily online or with a quick call to your advisor.

This method, known as the “backdoor” Roth IRA, allows them to contribute to a traditional IRA and then convert it to a Roth IRA. There are factors to consider when converting to a Roth IRA.

Prior to 2018, if you converted all or part of a traditional IRA to a Roth IRA, you had until Oct. 15 of the year following the conversion to undo the switch and eliminate the tax bill by ...

When we help clients convert from a traditional IRA to a Roth IRA, the amount we convert is treated as taxable income, potentially increasing our clients’ tax bills that year.

For one thing, you might have earned too much money ‒ a Roth IRA, unlike a traditional IRA, has income limits. Also, a Roth IRA has only been around since 1998, so, in the previous years, you ...

Discover if a Roth IRA conversion is right for you. We analyze the factors to consider, ... 2025 could be an excellent opportunity to convert traditional IRA funds to a Roth IRA. ...

If you convert a traditional IRA to a Roth, taxes will be due. In the long run, though, when withdrawals are made, Roth money comes out tax-free while distributions from traditional IRAs and 401(k ...