The bottom line: Roth conversions are a powerful financial tool for seniors and this maneuver could be boosted by Trump’s new ...

“So the moment you do it is not as relevant from a tax perspective.” That said, converting earlier in the year does give the money more time to grow tax-free inside the Roth IRA. Segarra also offered ...

A Roth IRA conversion moves money from a pretax retirement account to a Roth IRA. The amount you convert is taxed as ordinary income. There are several situations where a Roth IRA conversion may make ...

The Roth IRA is one of the most powerful wealth-building strategies available, and yet also one of the most misunderstood. Should you have a Roth IRA? Should you put money into your regular IRA, your ...

A. There are a lot of rules that govern how IRAs work. Your mention of five years has to do with a provision that’s important to understand. The five-year rule for Roth conversions exists to prevent ...

In the early days of the pandemic, when commercial buildings emptied out, New York’s city and state leaders started pushing for the conversion of unused office towers into housing. Many in the real ...