If you want the flexibility to be able to tap into your retirement savings if needed, the Roth IRA is your best bet. You can ...

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers ...

A n IRA conversion to Roth is a popular pre-retirement or early retirement move. Roth IRAs offer several benefits that traditional retirement plans don’t. Not only are investment gains in a Roth IRA ...

Not Ensuring the Roth Makes Sense for Your Specific Financial Situation “There’s no denying that the tax free growth and ...

Dear Action Line: How much can you contribute to a Roth IRA? - S.H., Tulsa. Roth IRA defined: A Roth IRA is an individual retirement account created by the Taxpayer Relief Act of 1997 and named for ...

The IRS announced that eligible owners of individual retirement account arrangements can use distributions to donate up to $105,000 to qualified charities in 2024 without incurring taxes on the ...

Taxpayers age 65 and older might be able to benefit from a $6,000 'senior bonus' deduction in the next four tax years. Here ...

Some workers don’t have access to an employer-provided retirement plan, and 401 (k) quality can be uneven. High ...

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 ...

For most people, December is the month for giving. But when it comes to taxes, January should be the time to start the planning process for maximizing the tax benefits of donating to charity. One of ...

n June 7, 2001, President Bush signed into law the Economic Growth and Tax Relief Reconciliation Act of 2001, a package of sweeping tax reforms affecting income, estate and gift taxes. Some of the new ...