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 ...

A review of the IRS and plan rules that can affect how participants can draw down their pre- and post-tax retirement accounts. The Internal Revenue Service requires certain distributions from ...

The Pro-Rata Trap The earnings delay is the first mistake. The second is more damaging: making non-deductible contributions for multiple years without ever converting, then discovering that five years ...

It has been more than a decade since the income limits on IRA conversions were lifted, effectively putting Roth IRA investments within reach of higher-income individuals who had previously been shut ...

As clients amass their retirement dollars over their working years, tax situations are likely to become more complicated over time. That’s especially true for clients who are fortunate enough to have ...

High earners above the Roth IRA income limit can contribute non-deductibly to a traditional IRA and convert to Roth without limit, but delaying conversion between the two steps costs approximately $42 ...