Federal employees can use a new Thrift Savings Plan tool to weigh the tax costs and retirement advantages of moving traditional balances to Roth.

From restrictions on income, to contribution limits, withdrawal rules and conversion options, there's a lot to mull over for 2025. But if you want to set yourself up for a comfortable retirement, it ...

It might seem counter intuitive to decide to pay MORE taxes now, rather than defer them, but in some cases, that can be a smart, tax-efficient strategy. Have I piqued your curiosity? I want to ...

If you’re saving for a college fund, you may have considered putting that money into your Roth IRA. The question is whether this is a good idea and if it will save you money. When would a Roth IRA be ...

Converting money from a 401(k) to a Roth IRA has become all the rage, but it’s not the right move for everyone. A professional financial advisor can help you weigh the pros and cons, based on the ...

EDITOR’S NOTE: Over the next three months, Donna Skeels Cygan will look at the pros and cons of Roth conversions. Roth IRAs and Roth conversions offer many benefits for investors. But they are not for ...

Taxes are generally a concern when transferring funds from a tax-deferred retirement account to a Roth account. Converted funds are treated as taxable current income in the given year, which can push ...

You have to weigh the pros and cons of converting early in the year versus waiting until year-end.

Financial advisers tend to recommend “529” education-savings plans for college financing. And it makes sense: They allow for tax-deferred growth and tax-free withdrawals for qualified expenses such as ...