Today's Market

updated 1 hour ago Sponsored by:
DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASD 4,681.50 -90.27 -1.89%

Community: Investing Wiki

Term Of The Hour

IRA conversions: Original post by Nola Moore of Demand Media Converting a traditional IRA to a Roth IRA can offer big tax benefits down the road, as Roth IRA earnings aren't taxed if you follow withdrawal rules. The conversion can be a big drawback now, though, since you must pay tax on the balance of your traditional IRA in order to make it a Roth. The last thing you want is a tax penalty -- but if you don't pay…

Want to learn more or edit this definition?
Click here to read more!