A Roth conversion is a strategy that involves transferring money from a tax-deferred retirement account, such as a traditional IRA (tIRA), to a tax-free Roth IRA. The main benefit of […]
IRA
Can I Borrow from My Roth IRA Without Penalty?
A Roth IRA is a type of retirement account that allows you to save money after paying taxes on it. This means that when you withdraw money from your Roth […]
IRA
How to Combine Rollover IRA and Traditional IRA Accounts and Avoid the Pro Rata Rule
If you have a rollover IRA and a traditional IRA, you may be wondering if you can combine them into one account. The answer is yes, you can, but there […]
IRA
Non-deductible IRA contributions: Why and How?
Individual retirement accounts (IRAs) are popular savings vehicles for retirement planning. They offer tax advantages that can help you grow your nest egg over time. However, not all IRA contributions […]