Roth

Roth IRA conversion taxes can be trickier than expected.  Here's what to know before depositing - or converting funds in 2023

Roth IRA conversion taxes can be trickier than expected. Here’s what to know before depositing – or converting funds in 2023

If you made a Roth Individual Retirement Account conversion in 2022, you could have a more complicated tax return this season, experts say. The strategy, which transfers pre-tax or non-deductible IRA funds to a Roth IRA for future tax-free growth, tends to be more popular during a stock market downturn because you can convert more …

Roth IRA conversion taxes can be trickier than expected. Here’s what to know before depositing – or converting funds in 2023 Read More »

How 'SECURE 2.0' could boost your retirement plans

How ‘SECURE 2.0’ could boost your retirement plans

Photo: Colin Devar (Shutterstock) SECURE 2.0 was signed into law at the end of 2022. Standing for “Setting Every Community Up for Retirement Enhancement,” the second version of this law is designed to continue to build on improvements made in the United States. retirement system. Retirement is far away off or fast approach for you, …

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Stocks are down, but it's a "good time" for a Roth IRA conversion - here's why

Stocks are down, but it’s a “good time” for a Roth IRA conversion – here’s why

Unless you have niche investments, your portfolio value is probably down right now. The S&P 500 has fallen about 18% over the past 12 months, and the broader bond market hasn’t fared much better, down 13%. But depending on your tax situation and the types of accounts you hold, now might be the perfect time …

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Families can transfer 529 plans tax-free to Roth Individual Retirement Accounts from 2024

Families can transfer 529 plans tax-free to Roth Individual Retirement Accounts from 2024

Masks | Masks | Getty Images Americans saving for college in 529 plans will soon have a way to save unused funds while keeping their tax benefits intact. A $1.7 trillion government funding package includes a provision that allows savers to transfer money from 529 plans into individual Roth retirement accounts without income tax or …

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