Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

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 ...

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation. And it’s one you can arrange by keeping at least ...

Certificates of deposit (CDs) and Roth IRAs play different roles in retirement planning. CDs provide fixed interest and are federally insured, which can make them attractive if your priority is safety ...

Given the number of rules surrounding Roth IRAs, sometimes it may be hard to separate fact from fiction. Roth IRAs aren't just for young workers. Regardless of age, a Roth can benefit anyone's ...

A traditional IRA provides up-front tax breaks that make investing easier. A Roth IRA offers tax savings in retirement and can help you avoid taxes on Social Security. The right account for you will ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on Roth IRA conversions. Joy Taylor: No. Traditional IRA owners who are 73 and older must ...

When it comes to paying taxes, less is obviously better. In the last few years, that has meant a big push for converting any traditional pretax IRA balance to a Roth IRA, which allows the funds to ...