The Roth IRA was a truly groundbreaking retirement savings option when lawmakers created it almost 20 years ago. Yet for many taxpayers, the Roth IRA was off-limits due to income restrictions.

This is the time of year that many people make IRA contributions. When nondeductible contributions are made, they are recorded on Form 8606. These contributions are not taxed when distributed. The ...

This article, the second of a three-part series on how to implement an effective backdoor Roth strategy, was written by guest contributors Steven Jarvis, CPA, MBA, and Matthew Jarvis, CFP. Continuing ...

Q. When it comes to Form 8606, the form asks for the value of all your IRAs. Does that include Roth IRAs also? I have $10,000 in non-deductible IRAs for which I'm getting a small write-off. -- ...

When funds are withdrawn from an IRA or a Roth IRA, the basis comes out tax-free. But who is tracking the basis information? This is where advisers can help. In this article, we will provide an ...

Individual Retirement Arrangements are designed to provide tax advantages to encourage us to save for retirement. Most IRA owners are familiar with their IRA account statements showing their current ...

I contributed for the first time to a traditional IRA in March of 2012 for the 2011 tax season since the IRS allows this. However, I did so after I filed my 2011 tax return. Do I need to send the IRS ...

Forbes contributors publish independent expert analyses and insights. I write about achieving wealth and how it intersects with our lives. This article is more than 6 years old. As the April 15 th tax ...

Q. Is there an easy way to find out which traditional IRA contributions my husband and I made in past years were tax-deductible? I don't want to get into trouble, but I don't want to pay double taxes, ...

The Roth IRA was a truly groundbreaking retirement savings option when lawmakers created it almost 20 years ago. Yet for many taxpayers, the Roth IRA was off-limits due to income restrictions.