The only potential "catch" with a Roth is that you must qualify to fund one, and higher earners might not. Other than that, ...

Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free ...

Recent tax changes, including an extra $6,000 deduction for those 65 and older, present a golden opportunity for retirees to ...

A backdoor Roth IRA refers to a method that allows individuals, particularly high earners, to contribute to a Roth IRA despite income limits that typically prevent direct contributions. By first ...

Support a loved one’s retirement prep with a gift IRA contribution, but keep in mind that limitations and requirements must be observed.

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...

Barry Dolowich is a Certified Public Accountant and owner of an accounting and tax practice with offices in Monterey. He can be reached at 372-7200. Please address any questions to Barry at PO Box 710 ...

Consider CCC loans as income or implement Roth conversions during low-income years to maximize after-tax dollars and create ...

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, ...

Help clients maximize retirement contributions, utilize spousal IRAs, and explore backdoor Roth strategies before 2025 ends.

Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states have no income tax at all.