Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.
Hosted on MSN
Roth IRAs: What They Are and How They Work
Roth IRAs are individual retirement accounts (IRAs) that allow workers to save money for retirement using after-tax dollars. This means taxes are paid on the contributions before they are added to the ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results