Many investors within five years or so of retirement have the bulk of their savings in traditional tax-deferred 401(k)s and individual retirement accounts, instead of the after-tax Roth versions of ...

For retirees looking to minimize their taxes and maximize their financial legacy, a Roth conversion has long been a powerful tool. However, the upfront tax bill has always been a significant hurdle.

If you're eyeing a year-end Roth individual retirement account conversion, you'll need to plan for the upfront tax bill. When you complete a Roth conversion, you'll owe regular income taxes on the ...