Although the traditional and Roth plans may sound quite different, the conventional argument is that they offer virtually identical tax benefits. Unfortunately, the easiest way to demonstrate this ...

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two ...

A backdoor Roth IRA is fairly straightforward. If you make too much to contribute directly to a Roth IRA, you contribute to a ...

They sound similar, but there are many differences between the two strategies ... which can be either a Roth IRA or Roth 401(k), if your plan allows.

They sound similar, but there are many differences between the two strategies ... which can be either a Roth IRA or Roth 401(k), if your plan allows. The reason for the $46,500 limit is this ...

This move allows you to take money out of a tax-deferred account like a traditional IRA or 401(k), pay the tax on the income, and then convert the withdrawal into a Roth IRA account, where it can ...

Why a Roth IRA makes sense: With a pre-tax retirement plan like a traditional IRA or 401(k), you don't pay taxes on money contributed or earned until you withdraw it. A Roth IRA is different.

James McWhinney is a long-tenured Investopedia contributor and an expert on personal finance and investing. With over 25 years of experience as a full-time communications professional, James ...

If you decide to roll Roth 401(k) contributions to an IRA or your current employer’s 401(k), your new account will be Roth, too, meaning that you won’t owe tax on qualified withdrawals.

If you decide to roll Roth 401(k) contributions to an IRA or your current employer's 401(k), your new account will be Roth, too, meaning that you won't owe tax on qualified withdrawals.

However, a 401(k) isn't the only retirement account you should embrace. A Roth IRA can be a great complement to a 401(k). Each has its pros and cons, but I must admit that I prefer a Roth IRA over ...

(Think Roth IRAs and Roth 401(k)s.) In years when income is lower, you might choose to rely more on tax-deferred accounts, such as traditional IRAs and 401(k)s. Spreading your savings and ...