A backdoor IRA is a legal strategy ... made a taxable traditional-to-Roth conversion based on two forms your brokerage account will submit on your behalf: Form 1099-R, Distributions From Pensions ...

By contrast, nonqualified dividends—from REITs and some foreign stocks, for example ... ll also receive a 1099-R if you convert a portion of your traditional IRA to a Roth IRA.

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

and you have the full range of investment alternatives your Roth IRA offers. You still may receive a tax reporting form (a 1099-R), but the movement of assets from one Roth to another should ...

The amount on the 1099-R gets added to your taxable income ... the five-year clock switches to the Roth IRA. For example, if you had a Roth 401(k) for seven years and rolled it over into a newly ...

More savers are embracing the tax-advantaged accounts, and many will contribute leading up to tax day Young savers are flocking to Roth ... example, offers to match up to 3% of users’ IRA ...

As long as a child has earned income that they can document via a tax form like a W2 or 1099 ... for example, that your 16-year-old contributes just $50 per month to a Roth IRA and earns an ...

you may need to take a 529 plan withdrawal and then make a contribution to the Roth IRA. “You’ll need to make sure you have these moves documented in the event of an IRS audit, so a 1099-Q ...

“If a young person were to contribute to a Roth IRA and, for example, is in a 24% tax bracket at the federal level, he or she would pay the 24% tax in the year contributed.” Those ...