Tag Archives | roth ira

The “Back-Door” Roth Conversion

As many of you know, Roth IRAs are one of the best types of retirement accounts out there. As I’ve covered in previous posts, there are tremendous benefits to participating in a Roth IRA: Tax-free distributions in retirement. Access to your contributions at any time penalty free. No required distributions at age 70 ½. What’s not to […]

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There’s Still Time to Contribute to an IRA for 2016

Calendar year 2016 is long gone, but there’s still time to make a regular IRA contribution for tax year 2016! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2016 ($6,500 if you turned age 50 by December 31, 2016). For most taxpayers, the contribution deadline for […]

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