Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...

Every December, financial advisors ask high-earning clients: have you done your backdoor Roth yet? The mechanics are ...

Considering a Roth IRA conversion before RMDs? Learn if paying taxes now to avoid them later is right for you.

Unlike employer-based 401(k)s, people set up individual retirement accounts (IRAs) for themselves. But similarly to workplace retirement accounts, traditional IRAs are funded with deductible pre-tax ...

High earners who execute the backdoor Roth IRA correctly still generate an unnecessary tax bill through one specific timing ...

Stream Connecticut News for free, 24/7, wherever you are. Roth individual retirement account conversions are a popular way to reduce future levies on pretax 401(k) or IRA withdrawals — and you can ...

Let me be honest with you. When it comes to retirement planning in 2025, there's a conversation happening in financial circles that most people are missing. It's about a window of opportunity that, ...

With the backdoor Roth IRA strategy, you move nondeductible contributions from a traditional IRA to a Roth IRA and thereby benefit from potential tax-free growth and qualified tax-free withdrawals ...

This article discusses the pros and cons of Roth conversions.

In November 2021, the House of Representatives voted to kill two of the most powerful tax strategies available to high ...

If you're 69, you have a final chance to plan for retirement taxes before RMDs and what you can leave to heirs.

A Roth conversion ladder is a multiyear strategy to transfer pretax funds to a Roth IRA to kickstart future tax-free growth. You'll owe upfront levies on the converted balance, but there is no 10% ...