I’m 65 and Just Did a Roth IRA Conversion to Avoid RMDs. Does the 5-year Rule Apply to Me?
Imagine you’re 65 and you’ve just completed a Roth conversion in a low-tax year before retirement to avoid future required …
Roth conversion
Is it Wise to Convert 20% of My 401(k) Into a Roth IRA Each Year to Avoid Taxes and RMDs?
When it comes to retirement planning and taxes, there are often two ways to look at a question: first, can …
I’m Almost 60 and Have $1 Million in My IRA. Should I Switch to Roth Contributions?
A 60-year-old man is considering whether to contribute to a Roth IRA instead of a traditional IRA. Should you switch …
Schwab Recommends These Strategies for Roth IRA Conversions
Converting a traditional IRA to a Roth IRA can help you minimize taxes in retirement. But executing the conversion strategically …
Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, but My Spouse Doesn’t Work. How Can I Save More?
Financial advisor and columnist Michele Cagan I am 48 years old. I made $310,000 last year and currently have $546,000 …
I’m 62 and Have $1.5 Million in an IRA. Should I Convert $150,000 per Year Into a Roth to Avoid RMDs?
A 62-year-old man is considering the possibility of converting his $1.5 million IRA to a Roth account. A 62-year-old with …
I’m 65, on Social Security, and Have $830,000 in a 401(k). Is it Too Late to Convert to a Roth IRA?
There is no age limit for Roth IRA conversions. There is no age limit for Roth conversions, so you can …