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Murray: Loophole opens back door to Roth IRAs By: Stacy Murray Guest Columnist April 28, 2021 Stacy Murray With President Biden and Congress looking at a federal tax increase in 2021, this may be the time to consider converting savings from a traditional IRA into a Roth account for tax-friendly features that benefit retirees and their families. Roth IRAs were created by Congress as part of the Taxpayer Relief Act of 1997, allowing people to deposit after-tax income into retirement accounts. In return for paying taxes up-front, savers see fewer restrictions and there are no taxes on...

KXLY March 11, 2021 6:20 AM newsfeedback@fool.com (Ryan Downie) Posted: Updated: March 13, 2021 4:36 AM 401(k) accounts are a great tool for savers who want to supplement Social Security income in retirement. It’s a great idea to take advantage of the employer matches and automated savings provided by this account. However, you might want to consider a more balanced approach if you’re contributing above and beyond the employer match. Everyone’s situation is different, but there are definitely some situations where the 401(k) isn’t the only place you should be parking your re...