Roth IRA conversion Archives

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Changes Impacting Those Facing Retirement in 2023

Bailey Scarano Blog, Tax & Money Tips / By Bonnie Buol Ruszczyk

In late 2022, Congress approved a $1.7 trillion spending bill which included some adjustments that will impact those saving for retirement. Here’s what you need to know. Required Minimum Distribution (RMD) Age Increases to 73 RMDs are withdrawals that the IRS requires seniors to take from retirement accounts annually once they reach a certain age. […]

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Should You Convert Your IRA to a Roth?

Investors have been discussing whether a traditional or Roth IRA is best as long as they have both been around. One factor that might tip the scales toward a Roth is a downturn in the value of your investments. If you have a traditional IRA, a decline may provide a valuable opportunity to pay less