Why a Roth IRA for the baby would be a blessed event

When an infant is born, the hospital paperwork for parents includes birth certificate and Social Security number applications. Soon, though, there could be another document to fill out: a Roth IRA account setup form. That’s the thrust of the Roth Account for Youths Savings Act, or RAYS Act,introduced last week in the U.S. House of […]

Why more wealthy Americans are putting their eggs in Roth baskets

Affluent Americans are showing a growing preference for paying taxes on their retirement savings sooner rather than later. Data released earlier this month by the Internal Revenue Service shows that conversions from tax-deferred individual retirement accounts to Roth IRAs increased ninefold in 2010, to $64.8 billion. That was the first year when a $100,000 income […]