Also, to qualify for a spousal IRA, you must file your taxes asmarried filing jointly. If the spouse with no income later goes back to work, they can still contribute to their existing spousal IRA. After the account is set up, it’s an IRA just like any other.10 You have until the...
“The Roth is clearly the best retirement account to own, it’s just how much you’re willing to pay to get it,” he says. “Any time you don’t use up these low brackets, they’re wasted.” How to convert to a Roth IRA
How to Convert a Traditional IRA to a Roth IRA and Pay No Income TaxesStarr, L.COlsen, J.LJournal of Pension Benefits
Even if you don’t have an employer-sponsored retirement plan, you should still save for retirement with anIRA(Individual Retirement Account), Jordan says. “The opportunity cost of not investing is too high,” he says. “I strongly recommend investing in a Roth IRA or Traditional IRA so yo...
The article provides information on how to convert a traditional Individual Retirement Account (IRA) to a Roth IRA and pay no income taxes in the U.S. The authors say that it can be done through stripping the taxable amount for those IRAs before the conversion. They add that it will only...
Joe Udo
Dan Caplinger
The Coolest Thing A Roth IRA Can Do For YouMichael