Articles on Roth IRAs

Roth Conversion Lost Value? Nullify it by Recharacterization! With the recent roller coaster activity in the securities market, many individuals have seen their portfolios devalued significantly over a relatively short period. For individuals who converted amounts to Roth IRAs, this is even more disconcerting because they may now owe taxes on amounts they no longer have in their retirement accounts. So what is a taxpayer to do when he has a tax bill from a Roth IRA conversion that is now worth much less than the tax bill? There is good news; a recharacterization can make that bill disappear!

Roth IRAs- The Way to Tax- Free Savings:The Roth IRA is often referred to as the back-ended IRA...

Roth IRA Distributions: The determination of whether a Roth IRA distribution is qualified is fairly simple. On the other hand, determining whether any portion of a non-qualified Roth distribution is taxable is a more involved process

Traditional or Roth IRA Contribution- Making The Choice: The traditional IRA and Roth IRA share many similarities. However, it is the differences that usually cause an individual to choose one over the other. For individuals who are trying to decide between the two, consideration should be given to whether the individual can afford to give up any tax deduction - if eligible - and the individual’s current tax-bracket compared to his/her projected tax bracket during retirement.

Tips for IRA Season:During the first few months of the year, many taxpayers will be looking for ways to reduce their tax burden for the previous year, and also take advantage of tax benefits where possible

Timing of a Donation of IRA Assets Determines Taxation :The timing of a gift of retirement assets to charity will determine its tax impact.

IRA Contributions- Back to Basics :Of all the retirement plans, the Traditional IRA and the Roth IRA are the most accessible retirement saving vehicles for funding your retirement nest egg.