The only potential "catch" with a Roth is that you must qualify to fund one, and higher earners might not. Other than that, they're the same in that both kinds of retirement accounts allow for ...

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 ...

Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free ...

In this interview, Roy Snarr explained the concept of a Roth conversion, highlighting the differences between traditional IRAs and Roth IRAs. He emphasized that converting funds from a traditional IRA ...

Know the limits of gift contributions to IRAs before giving Key Takeaways. It is possible to gift a contribution to another ...

Do you know the difference between a Roth IRA vs a Traditional IRA? Well, Bruce Porter breaks it down for you in a way you can understand. Trust the professionals at The Resource Center! Sponsored ...

Required minimum distributions (RMDs) can cause a tax headache. If you don't need the money, you may want to leave your ...

A backdoor Roth IRA refers to a method that allows individuals, particularly high earners, to contribute to a Roth IRA despite income limits that typically prevent direct contributions. By first ...

In the realm of retirement planning, the backdoor Roth IRA stands out as a clever strategy for high earners seeking tax-free income during retirement. However, its advantages extend beyond personal ...

Roth conversions, if done right, can lower your tax bill over your lifetime. But be careful. Roth conversions pose traps, and the unwary can easily get caught. Here are eight factors to consider in ...

Help clients maximize retirement contributions, utilize spousal IRAs, and explore backdoor Roth strategies before 2025 ends.

Getting married is a major life milestone that brings new opportunities—and new responsibilities—for your finances. If you’re newly married or planning to tie the knot, it’s important to understand ...