Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

Learn the essential withdrawal rules for Roth 401(k)s to prevent taxes and penalties, ensuring you're optimizing your ...

Late-in-life Roth conversions can take some tricky math. As you approach retirement, one of the most important questions will be how to manage the taxes on your retirement income. For households that ...

Compare Roth 401(k) vs. 401(k) plans. Learn the key tax differences, contribution rules and which option may fit your retirement strategy. Read on for more: ...

Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

Having savings in a Roth account gives you access to tax-free withdrawals in retirement. It also means avoiding required ...

Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs offer tax-free growth and withdrawals with no required minimum distributions during the ...

Roth IRA conversions might seem complicated at first, but they're a great way for retirees to reduce their tax burden. Learn ...

Even if you have already chosen an account for retirement savings, that doesn’t necessarily mean you can’t change your mind about it later. In fact, this is not at all uncommon — and many people see ...

A $1 million 401(k) balance puts you ahead of 95% of American savers. But a large balance creates five specific tax and administrative traps most people discover too late. Handling these correctly ...

If you're going to save for retirement, it generally makes sense to do so in a tax-advantaged account. That way, you can shave down your IRS bill in some shape or form in the course of building up a ...