rothira

How to Sneak Into a Roth IRA Through the 'Back Door'

The Roth IRA is one of the best retirement vehicles around, thanks primarily to its terrific tax advantages. The only problem is that some people earn too much, and aren't qualified to contribute directly to one. Fortunately, there's a way around those restrictions.

10 Smart Uses for Your Tax Refund

By Kimberly Lankford, Kiplinger If you have a refund check coming your way, consider using it to bolster your personal balance sheet. The average...

You Know What's Overrated? Retirement

There are several major flaws in the classic "retirement as a goal" scenario, but you're not locked into it. If you've avoided major debt and have an education that allows you the freedom to re-imagine the concept, you could completely change your life.

How the Taxes Work on a Roth IRA Conversion

When you contribute to a traditional IRA, you can deduct that money from your taxable income that year. When you contribute to a Roth IRA, you don't get the immediate tax benefit -- but you withdraw your money tax-free in retirement. It's also possible to convert from a traditional to a Roth, but you have to pay taxes to do so. A reader named Ron wants to know how that works, and when he'd have to pay the taxes. DailyFinance's Laura Rowley explains.

4 More Smart Tax Moves for the Holiday Season

Thanksgiving's still two weeks away: You're getting ready for Black Friday, not April 15. But all those one-day deals pale next to what you could save on your taxes by taking a few smart steps before Dec. 31. In part two of this report, we offer four more ways to help your bottom line on April 15.

4 Holiday Season Tax Moves That'll Pay Off in April

With Thanksgiving still three weeks away, taxes are probably the last thing on your mind. Still, much as you might groan at the thought, there are some smart steps you can take between now and Dec. 31 that will make a real difference when it comes time to deal with the IRS next spring.

Here's the Next Big Threat to Your 401(k)

It's bad enough the stock market has been beating up on most of our 401(k)s lately. Now, legislators and big thinkers are debating a variety of proposals to reduce the tax benefits of saving in 401(k)-type plans. And the results could be bad for America's rich and poor alike.

Save on Taxes with a Roth Conversion Right Now

Here's another reason not to panic about about the prospect of a bear market: Doing a Roth conversion while the market's down can save you in taxes. It's a little complicated, but completely worth it. Read on to find out how.

Are Annuities the Right Choice for Your Retirement?

With memories of the stock market's 2008 tumble still fresh in investors minds, many are scared of stock and are seeking "guarantees" instead of chasing returns. Because of this, for many, annuities have never looked more tempting. But is an annuity a good choice for you?

Retirement Savings, Part 3: Alternatives to Employer Plans

First, we covered how to manage employer-sponsored retirement plans like 401(k)s. Next, we explored what to do if you've lost your job, and with it your access to a plan. In part three, we explore options for the unemployed, self-employed and those who are otherwise locked out of employer-offered retirement plans.

Retirement Planning, Decade by Decade

Retirement planning is no slam-dunk. To make sure you retire in comfort, you have to start saving early and often. You need to pay attention to your...