… or better yet, what will they Roth in the future? You’re right, terrible attempt at a pun.
In case you aren’t a retirement and financial planning geek like myself, there has been a proposal put forth by the current administration to require all employers to automatically enroll employees in a retirement plan.  I find it [...]

It is expected that in 2010 there will be more Roth IRA conversions than in any year in the past – maybe all years added together.  With all this converting and cavorting going on around IRAs and Roth IRAs, there are bound to be some problems arise.
One particular type of problem that could arise would [...]

Chances are, if you hold a significant amount of money in your IRA accounts, you may have been approached by a financial professional who tells you about the “double tax” that may be a part of your account’s future.  Here’s a brief explanation:  when the owner of an IRA dies, assuming that the size of [...]

A Roth IRA allows you to save tax deferred money like a regular IRA, and withdraw money tax free. The catch is that instead of paying taxes when you are retired and withdrawing money, you pay tax before you make your contribution. Besides tax free withdrawals, one of the best features of a Roth IRA is that there is NO required minimum distribution (RMD) at age 70 ½. This works great for extending the life of your nest egg, which is crucial in down years like 2008, when many IRA owners age 70 ½ would rather let their portfolios recover. Lower IRA values after the 2008 recession is partially why Congress passed a law allowing retirees to skip their required minimum distribution last year.

If you are not covered by a retirement plan at your job and your spouse is not covered by a retirement plan, there is no MAGI limitation on your deductible contributions. If you are covered by a retirement plan at work, and your MAGI is $89,000 or less, there is also no limitation on your deductible contributions to a traditional IRA. If you are covered by a retirement plan at your job and your MAGI is more than $89,000 but less than $109,000, you are entitled to a partial deduction, reduced by 25% for every dollar over the lower limit (or 30% if over age 50), and rounded up to the nearest $10. If the amount works out to less than $200, you are allowed to contribute at least $200.[...]

With due regards to Natalie Choate for putting together this list initially, listed below are the currently-legal methods for funding a Roth IRA account:
1. Contributions from compensation income. These are your regular annual contributions to the Roth IRA account.  You are allowed (in 2009 and 2010) to contribute up to the lesser of your actual earned [...]