A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a Roth IRA when their earnings exceed IRS income limits. This strategy could allow you to take advantage ...

Key takeaways A Roth conversion is the process of moving funds from a traditional IRA, SEP IRA, SIMPLE IRA, or eligible ...

After-tax 401(k) contributions already survived one round of income tax, but a standard rollover to a traditional IRA puts them squarely in the crosshairs of a second. One obscure form stands between ...

Form 8606 is a tax form used by individuals in the United States to report certain nondeductible contributions and distributions made to and from individual retirement arrangements (IRAs). This form ...

A by-the-book backdoor Roth conversion can still hand the IRS a surprise tax bill, and the culprit is an IRA you opened years ago and probably forgot about.

Consider a 58-year-old consultant who does a standard 2026 backdoor Roth and still owes the IRS $1,665. She makes too much to contribute directly to a Roth. So she contributes $7,500 to an IRA without ...