Backdoor Roth IRA: Advantages and Tax Implications Explained

Learn the updated 2025 backdoor Roth IRA strategy step‑by‑step—from contribution limits and MAGI thresholds to tax filing and avoiding pro‑rata rule traps.

Here are 5 critical reasons not to convert to a Roth IRA in 2026. It can do more harm than good without you even knowing it

However, keep this in mind: Unlike you, charities won’t have to pay tax on assets withdrawn from a traditional IRA. So if you ...
AOL

Roth IRA rules you should know during tax season — and all year long

Investing in a Roth IRA can be a smart way to save for retirement, but enjoying the tax benefits of a Roth generally takes some patience. That’s because you fund these accounts with after-tax ...

Qualify for Roth IRA contributions by lowering your income

If your income is just above the cutoff (MAGI) to qualify for Roth IRA contributions, these strategies will help you meet it ...
Financial Advisor

New Rule Requires RMDs On All IRAs Before Roth Conversions, Analyst Says

Before clients convert their traditional IRAs to Roths, they should be aware of a new rule that says all this year’s required minimum distribution (RMD) be taken out first, according to a new analysis ...
NBC Bay Area

Roth IRA ‘Five-Year Rule' Can Trigger an Unexpected Tax Bill: Here's What You Need to Know

A $1 contribution today to a new Roth individual retirement account may not sound like much. But that seemingly small sum might save you a bundle in taxes down the road due to an under-the-radar ...
Charlotte Observer

Understanding the backdoor Roth IRA—How it works and why you should consider it

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...