People who are too wealthy to qualify for either a deductible individual retirement account (IRA) or a Roth IRA have the option of contributing to a non-deductible IRA. Assuming they meet the basic ...

Q. Hi Dan. In your last column you wrote about “… a rather infamous provision dubbed the ‘pro-rata rule.’” One of my IRAs is non-deductible, so I need to know what that is and why it’s infamous. Can ...

What Are After-Tax Contributions? After-tax contributions refer to money that is contributed to a retirement account with funds that have already been taxed, meaning that the contributions will not be ...

Both individual retirement account (IRA) types — traditional and Roth — offer valuable retirement-planning benefits, but with different structures, income limits, and pros and cons. Traditional IRAs ...

Q. My tax preparer told me to open an IRA account so that I can save in the payment of my income taxes. I know it's too late for this year, but for next, I need advice. He said there are two types of ...

HUNTSVILLE, Ala. (WAFF) - A backdoor Roth conversion is a strategy used by high-income earners to contribute to a Roth IRA, even when their income exceeds the IRS limits for direct Roth contributions.

For many Americans, an IRA can be an essential part of your retirement plan. This account offers tax-deductible contributions and taxed withdrawals during retirement, thus offering upfront tax ...