Financial advisor and columnist Brandon Renfro I’m 68 and recently retired and have about $1.4…
Tag:
traditional IRA
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Personal Finance
We’re 67 Years Old With $1 Million in IRAs. Is It Too Late to Convert to a Roth?
by adminby adminAt 67, you’re presumably at or near retirement. If you have $1 million in IRAs,…
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Image source: The Motley Fool/Upsplash Opening a Roth IRA with a brokerage firm can be…
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Retirement
I’m 65 With $850,000 in an IRA. Is It Worth It to Convert That Money to a Roth to Avoid RMDs?
by adminby adminA 65-year-old woman contemplates a Roth conversion while looking over her IRA. Required minimum distributions…
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Personal Finance
Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes?
by adminby adminA couple reviews their finances and decides to use a backdoor Roth IRA. A backdoor…
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Retirement
We Will Make Over $300,000 Combined This Year. Can We Use a Backdoor Roth to Reduce Taxes?
by adminby adminHigh-income households can use what’s called a “backdoor Roth” to utilize a Roth IRA despite…