For 2025, the annual Roth IRA contribution limit is $7,000, and if you're age 50 or older, you can contribute an additional $1,000 catch-up contribution.

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...

Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The ...

Learn how to identify excess IRA contributions and the steps to fix them, avoid penalties, and manage your retirement savings effectively.

The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can have significant financial implications in both the short term and the long ...

Carol explained that she had rolled a 401(k) from a former job into a traditional IRA. Later, she began contributing to that IRA with after-tax money — without realizing that, unlike a Roth IRA, she ...

Choosing between Roth and pre-tax contributions for retirement savings depends on how each impacts your taxes now and in retirement. Roth contributions are made with after-tax dollars, so both ...

Retirement planners often debate whether to max out a 401(k) or prioritize a Roth IRA. A mathematical analysis reveals that, contrary to popular advice, maxing out a 401(k) before investing in a Roth ...