Run the numbers, because the answer could be “yes.” An underreported story. In 2010, we have a wave of IRA owners converting traditional IRAs to Roths. There are all kinds of compelling reasons to make that move. Yet for some IRA owners, the conversion may have an unintended consequence: it may reduce their son or [...]

You might have a chance to go Roth with your 401k or 403b account. Big news for participants in 401k, 403b and 457 retirement plans. The Small Business Jobs Act of 2010 contained an interesting sidelight concerning employer-sponsored retirement plans. Some of these retirement plans are now allowing in-plan Roth conversions. This means: You may [...]

There are many varieties of this popular savings vehicle. What don’t you know? Many Americans know about Roth and traditional IRAs … but there are also many other types of IRAs. Here’s a quick look at several basic classes of IRAs, as well as some variations and additional information. Traditional IRA. (Contribution limit of $5,000, [...]