Key Points Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs ...

The deadline for making your annual required minimum distribution (RMD) from certain retirement accounts is almost here-and ...

Who doesn’t appreciate tax-free investment growth, tax-free withdrawals and not having to take required minimum distributions ...

Here’s how converting your traditional retirement account to a Roth IRA can boost your nest egg — but avoid these costly ...

The IRS also forces people with a traditional retirement plan to start withdrawing their money eventually. Those forced withdrawals are known as required minimum distributions, or RMDs, and they can ...

Oh boy! Did I get your attention? You say, “But Kelly! I thought all Roth IRA distributions were tax free!” I say, “Not so fast, Sparky.” This is embarrassing. I used to think like you. Then I got my ...

It’s that time of year again. With April 15 fast approaching, everyone is looking for ways to make their tax bills more efficient. And while tax mitigation strategies are a vital component of nearly ...

Meet John and Sally, a 70-year-old couple who own an IRA with an account balance of $1,000,000 that they don’t intend to use for retirement income. Their financial success allows them to cover living ...

Going into the 2024 presidential election, the conventional wisdom and received knowledge of the chattering classes, when asked whether or not it was smart to convert a regular IRA into a Roth IRA ...

There are several great ways retirees can use their investment portfolios to give to charity. One of which is taking a ...