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I'm 60 With $1.2 Million in an IRA. Should I Move $120,000 a Year to a Roth to Reduce Future RMDs?

If you’re 60 years old with $1.2 million saved for retirement in a traditional IRA, you may be starting to think about required minimum distributions (RMDs) and the hefty annual tax bill they can ... read more

Should Your Kids Have A Roth IRA?

If your child has earned income, they can contribute to a Roth IRA. Due to the benefits of compounding, opening a Roth IRA for kids can significantly change their financial situation in retirement. read more

Should You Do A Roth IRA Conversion? Nine Things to Consider

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ... read more

Roth IRA rules you should know during tax season — and all year long

Investing in a Roth IRA can be a smart way to save for retirement, but enjoying the tax benefits of a Roth generally takes some patience. That’s because you fund these accounts with after-tax ... read more

Why the case against a Roth conversion gets stronger if Trump's tax cuts continue

Many Roth conversions that look good on paper are in fact losing propositions. That's the implication of an article published in the September issue of the Journal of Financial Planning. Entitled "Net ... read more

Should You Max Out Your 401(k) or IRA First?

Dorothy Neufeld is currently a financial writer for Visual Capitalist. She has 5+ years of writing experience. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science ... read more

Here’s how to use Trump’s new $6K senior deduction to slash your taxes — but be careful

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. If you were planning to undertake a ... read more