High earners who execute the backdoor Roth IRA correctly can still generate an unnecessary tax bill through one specific ...

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

Stream Connecticut News for free, 24/7, wherever you are. Roth individual retirement account conversions are a popular way to reduce future levies on pretax 401(k) or IRA withdrawals — and you can ...

In November 2021, the House of Representatives voted to kill two of the most powerful tax strategies available to high ...

This article discusses the pros and cons of Roth conversions.

These could really trip you up.

Let me be honest with you. When it comes to retirement planning in 2025, there's a conversation happening in financial circles that most people are missing. It's about a window of opportunity that, ...

With the backdoor Roth IRA strategy, you move nondeductible contributions from a traditional IRA to a Roth IRA and thereby benefit from potential tax-free growth and qualified tax-free withdrawals ...

Some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, individual income tax hikes seem less likely under President-elect ...

A bit of thoughtful planning now could spare your family from an expensive headache down the road.

A Roth conversion ladder is a multiyear strategy to transfer pretax funds to a Roth IRA to kickstart future tax-free growth. You'll owe upfront levies on the converted balance, but there is no 10% ...