Tag: IRAs
Abstract For most workers, 401(k)/IRA assets represent the main source of retirement savings outside of Social Security. These accounts can generate significant wealth if workers contribute consistently from a young age, keep their money in their accounts, and minimize their investment fees. However, most workers have 401(k)/IRA balances at retirement that are substantially below their…
The brief finds that converting a traditional IRA to a Roth IRA may appeal to people who: expect their tax rates to rise in retirement; prefer more flexible withdrawal options; and/or wish to increase their tax-sheltered assets…
