A new $6,000 tax deduction for seniors has created a limited-time opportunity to do a Roth conversion with a lower tax hit.

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can withdraw them penalty-free, if you are under age 59 1/2 at the time you want to ...

The Roth IRA is one of the most powerful wealth-building strategies available, and yet also one of the most misunderstood. Should you have a Roth IRA? Should you put money into your regular IRA, your ...

Roth conversions are a popular way for people to reduce their tax burden over the long haul, and people often start making those conversions when they are a few years away from retirement. The goal is ...

Say you’ve saved $1.6 million in your 401(k) — a number that reflects years of discipline and sacrifice. Now, financial experts are saying much of that money should be in a Roth IRA instead. Should ...

Every week, Allworth Financial’s Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those ...

But they can add to your tax burden this year. It's generally best to convert large sums over the course of several years. This could give you a little more breathing room in your retirement budget.