Converting at least some of an old 401(k) to a Roth IRA can offer long-term tax benefits and retirement flexibility, ...

The Roth IRA also has no rules that require you to start taking distributions at age 73. You can leave your money in the account indefinitely, which makes it a great spot for money you want to ...

You don’t have to choose just one. Life insurance and Roth IRAs can work in tandem to provide retirement income.

With a Roth IRA, you contribute after-tax money to the account, so you don’t get to avoid tax on your contributions, as you might with a traditional IRA. In exchange, your money grows tax-free ...

2. Set up your Roth IRA The next step is to set up your Roth IRA. Several online brokers make it easy to open a Roth IRA, including Charles Schwab, E*Trade, Fidelity, and Vanguard.

Partial Roth conversions to move taxable IRA money into a tax-free Roth IRA gradually. A permanent life insurance policy to create a guaranteed, tax-free inheritance for their children.

A traditional IRA requires you to begin taking a minimum distribution (RMD) when you reach age 73 (or 75 if you were born in 1960 or later). If you want to avoid RMDs and don't exceed the income ...

A Roth IRA is the opposite of a traditional IRA. Rather than getting a deduction upfront and paying the tax someday in the future, a Roth account lets you pay tax on the seed, not the harvest ...

But deciding whether to move money into a Roth 401 (k) or Roth IRA from a traditional account is a complex question. A good tax adviser can walk you through your options.