Excess Roth IRA contributions trigger a 6% IRS penalty every year until the excess is withdrawn or recharacterized. Remove excess contributions and associated earnings by tax deadline to dodge ...

Roth IRA contributions can be withdrawn anytime without taxes or penalties. Converted Roth IRA funds are tax- and penalty-free after five years from Jan. 1 of the year of the conversion.

If you have a Roth IRA or are thinking of getting one, you may be looking at ways to incorporate the account into your long-term plan. Established in 1997, the Roth individual retirement account ...

The two main types of IRAs are traditional IRAs and Roth IRAs. A traditional IRA is a tax-deferred investment account, meaning qualified contributions are tax-deductible in the year they are made.

Who doesn’t love tax-free income? When you retire with assets in a Roth IRA or Roth 401(k), you will be able to take retirement income from these accounts without getting hit with income taxes.