Retirement accounts such as Roth and traditional IRAs and 401(k)s are a great way to save, but mind the tax rules on ...

to a Roth IRA is a strategic financial move that could lead to long-term tax savings. A Roth IRA conversion involves transferring funds from a tax-deferred traditional IRA into a Roth IRA ...

Roth IRA contributions can be withdrawn anytime without taxes or penalties.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.