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  2. With $1.6 Million Saved at 62, Should We Rethink Our 401(k ...

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    The main difference between Roth accounts and pre-tax accounts is their tax treatment. When contributing to a pre-tax account like a traditional IRA or 401(k), you receive a tax deduction on all ...

  3. Roth vs. Traditional, 401(k) vs. IRA: The Best Account To Use ...

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    Saving for retirement in a dedicated account is always a wise idea, but the best account to use will vary by age. That's because your income tends to increase over time, so what makes more sense...

  4. I’m 70 years old, have $1.5 million in a 401(k), and just ...

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    The money you convert from a traditional retirement account to a Roth account is treated as income. This could push you into a higher marginal tax bracket for the current year.

  5. Converting an IRA to Roth After Age 60: Can I Really Do It? - AOL

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    On the plus side, the money in the Roth grows tax-free and you can withdraw funds after you retire without paying taxes. You can convert funds in pre-tax IRA accounts to a Roth IRA . This includes ...

  6. 4 Tax Rules To Understand Before You Convert Your IRA to a ...

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    In simple terms, converting an IRA to a Roth account means moving money from a traditional IRA or another pre-tax retirement account into a Roth IRA. It makes all pre-tax contributions and ...

  7. How Do My Investment Benefits Compare Pretax vs. After-Tax? - AOL

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    Calculate returns after all taxes are applied: Roth IRA or Roth 401(k) withdrawals won’t incur taxes as long as the investor is age 59.5 or older and has had the account for at least five years ...

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