The primary factor in a Roth IRA conversion decision is the difference between the tax rate at conversion and the future tax ...

Question: I am retired and turning 73 in 2025. My brokerage company just informed me by letter that I am required to take a distribution from my traditional IRA account. I do not need the money and do ...

A recent post at American IRA has the answers. ASHEVILLE, NC, US, January 11, 2024 / EINPresswire.com / -- Noting that there are plenty of legitimate ways to avoid the taxes that can come with poor ...

Dear Liz: I’m confused about required minimum distributions from my retirement accounts. I’d like to avoid taxes on my withdrawals, but it seems there is no way to avoid them. Please give me some ...

When you reach retirement age, financial decisions become even more important as you are no longer generating income from working. Every choice you make about your money has a direct impact on ...

If you have money in tax-advantaged retirement accounts, you will be required to start taking required minimum distributions (RMDs) in the year you turn 73 if you were born between 1951 and 1959. This ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...

I’m in my mid-70s, have no debt and have managed as a single person to amass about $1 million in traditional IRA savings, plus some non-retirement account investments. I also inherited a traditional ...

Explore options for using a traditional IRA to fund a grandchild's 529 plan, including tax implications and alternative funding strategies for education.