Can a traditional ira be redesignated to a roth ira when a spouse dies?

Answer The beneficiary spouse can convert an IRA to a Roth, although there are some limitations with limitations outlined by the IRS. Find a link to that information in the Resources section of this artic... Read More »

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Can a Traditional IRA Be Redesignated to a Roth IRA When a Spouse Dies?

If you inherit a traditional IRA from your spouse, you may find that the tax benefits of the traditional IRA no longer suit your needs. In addition, the 2010 waiver of the Adjusted Gross Income lim... Read More »

Traditional Vs. Roth Vs. SEP IRA?

Individual Retirement Accounts are savings accounts for you to use during your retirement. Three of the most common IRAs are Traditional, Roth and SEP, each with varying benefits for you and your d... Read More »

Can i have both a traditional&roth ira?

On One Hand: Traditional IRAs Are Tax-DeferredA traditional IRA is a tax-deferred individual retirement account. You can deduct traditional IRA contributions from your taxable income and put off pa... Read More »

Which is best: a traditional IRA or a Roth IRA?

On One Hand: Traditional IRAs Are Tax-Sheltered MoneyA traditional IRA uses pre-tax, or tax-sheltered money. This means that before taxes are taken out of your paycheck, money is put into your reti... Read More »