It's not difficult to convert a traditional IRA to a Roth if you understand the tax implications, which may pose challenges for people aged 60 and older. Older savers are more likely to own ...

Since one of the main advantages of an annuity is that your money grows tax-deferred, it makes little sense to hold one in an account like an IRA, which is already tax-deferred. It's a little like ...

With 2010 a popular year for converting traditional IRAs to Roth IRAs, here’s a new twist on the concept. Use the money that’s shifted into the Roth IRA to buy a variable annuity. Choose one ...

Annuities let you convert your savings into steady monthly payments that can last your lifetime, but come with high fees and ...

Jeffrey Levine, director of advanced planning at Buckingham Wealth Partners, discusses in this Retirement Daily video whether a person who inherits an IRA can convert it into a Roth IRA.

Step 3: Leverage life insurance and annuities. If you don’t have money outside of a traditional IRA to pay conversion taxes but still want to minimize your taxes in retirement, or exceed the ...