By JILIAN MINCER You soon may be able to move savings from a regular 401(k) retirement account to a Roth 401(k) thanks to a new law aimed at keeping workers within the company plans. Taxes Now or Later on Retirement $ Those who make the move to the Roth 401(k) version, which will be available [...]

by Bob Veres All of a sudden, it seems like everybody in the financial planning world is talking about Roth IRAs and Roth conversions.  In fact, an article in Financial Planning magazine–one of the trade magazines in our world–recently proclaimed 2010 “The Year of the Roth.” What’s the big deal?  Roth IRAs are interesting to [...]

IRA accounts are designed for retirement. If a person decides they want to access their account prior to age 59 1/2, they will incur a Federal Income Tax penalty for early withdrawal of 10% of the amount withdrawn. In addition, the amount withdrawn is deemed ordinary income and taxed as such. If that weren’t bad [...]