Should You Convert to a Roth IRA?

Moving your money from a normal Individual Retirement Account to a Roth IRA is not a one-minute decision. You need to carefully consider the following facts before deciding if the conversion is worth it. So, should you convert to a Roth IRA? The information below will help. Paying Taxes Taxes are applicable on the amount … Read more

IRA Withdrawal Penalty Exceptions

Roth IRA is an individual retirement account that offers tax-free growth and normally tax-free withdrawals. I said normally because Roth has specific rules, not only in contributions, but also with distributions. The Internal Revenue Service predetermined two kinds of distributions: qualified and unqualified (subject to Roth IRA penalties). Early withdrawals can be made because the … Read more