A Strategic Move for Your Retirement Savings

I Have $2.5 Million in a Roth IRA and Will Get a $2,500 Social Security Benefit. Can I Retire at 62?
Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA may feel more comfortable retiring at age 62,
Roth IRA Conversions: A Strategic Move for Your Retirement Savings
Consider your current tax bracket, future tax rate projections and the benefits of tax-free withdrawals in retirement
3 Signs Opening a Roth IRA Could Be the Best Retirement Move You Make in 2025
The right answer varies by individual, but here are three signs a Roth IRA could be your best option in 2025. The main advantage of Roth IRAs is that you get tax-free withdrawals in retirement, as long as you're at least 59 1/2 years old and have had the account for at least five years.
Roth IRAs, 401(k)s and Social Security: How they complement each other
A Roth IRA, 401(k), and Social Security benefits can work together seamlessly to secure your retirement. Strategic planning helps minimize taxes and maximize income.
We’re 50 with $1 million in a IRA and want to convert it to a Roth – should we do it now or wait until 65?
Converting IRA funds to a Roth account sooner rather than later can be useful, especially if you're currently in a favorable tax bracket.  By converting to Roth accounts now, your investments can continue to grow tax-free for a long period.
Non-Spouse Inherited IRAs: Ways Not To Squander The Money
Learn how beneficiaries can manage non-spouse inherited IRAs. Explore distribution rules, Secure Act changes, and tax strategies for long-term financial security.
Roth IRA Fund Options From Wealthfront
Wealthfront was founded in 2008, offers a range of exchange-traded funds (ETFs) managed by other companies, and has more than $50 billion in assets under management (AUM). When ma ...
SmartAsset on MSN2d
Ask an Advisor: My Wife Did a $40K Roth Conversion in a Low-Tax Year. Does She Really Need to Wait 5 Years to Withdraw it?
I encouraged my wife to take a $40,000 Roth conversion in a lower tax year. Even though she has another Roth IRA at a ...
How Self-Directed IRAs Can Open New Doors For Retirement Planning
One way to start the year on a positive note is by setting yourself up today to benefit from the tax breaks of an individual ...
Pros and cons of precious metals IRAs: What to know before you invest
A precious metals IRA is a retirement account that allows you to hold certain physical metals in your investment portfolio. The IRS allows gold, silver, platinum, and palladium to be held in an IRA ...
Yahoo Finance3d
Understand the Basics of Roth IRA Conversions
When you convert funds from a traditional IRA or 401(k) to a Roth IRA, you’re essentially converting pre-tax dollars to after-tax dollars. This conversion triggers a taxable event, meaning you ...
24/7 Wall St. on MSN8d
Roth vs Traditional 401(k)/457(b) when expecting pension income in retirement - how do I choose?
Retirement planning is no longer an easy task. Age, retirement plan options, taxes, and required minimum distributions (RMD) ...
CNBC22d
Best Roth IRA accounts of January 2025
The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap ...
Should I convert my IRA into a 529 plan?
You can also simply use a Roth IRA to pay for college without taking the step of converting the money to a 529 plan. As long ...
US News & World Report - Money on MSN1mon
Year-End IRA Tax Moves for 2024 at Any Age
There's no year-end deadline for IRA contributions. You have until April 15, 2025, to fund an account for 2024. If you’re ...
24/7 Wall St. on MSN1d
My gross salary is $84k – should I switch my 401(k) to a Roth IRA instead?
Traditional retirement accounts offer immediate tax relief, while Roth accounts come from pre-tax contributions. However, ...