People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is in the details, and for this particular rule, getting those details can be ...

Transferring retirement savings from a 401(k) or similar tax-deferred account to a Roth IRA can help keep you from having to ...

Called “Rethinking Roth Conversions in 2025: Navigating New Tax Laws and Opportunities," and sponsored by Leimberg Information Services, the webinar delved into how the bill President Trump signed ...

I’m 59 and my wife is 61. I retired in May 2024 and my wife is a homemaker. We have invested assets of $8 million, of which $3.2 million is in 401(k)s or IRAs. We own our home outright and have no ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on Roth IRA conversions. Joy Taylor: No. Traditional IRA owners who are 73 and older must ...

After Donald Trump signed a sweeping tax and policy bill, the One Big Beautiful Bill Act, into law on July 4, Roth conversions could end up costing some clients money, warned Robert Keebler, a CPA at ...

A CFP explains how to convert a $1.6M 401(k) to a Roth IRA without triggering high taxes, plus tips on timing, tax brackets, ...

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 ...

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.

A Roth conversion is the process of rolling over retirement funds invested in a pretax account, like a regular IRA or 401(k), into an after-tax Roth IRA. You’ll pay capital gains taxes at the time of ...

A traditional 401(k) used to be the standard for retirement savings, but the Roth 401(k) has surged in popularity in recent ...