For 2025, single filers must have a modified adjusted gross income (MAGI) of less than $150,000 to contribute the Roth IRA maximum of $7,000, or $8,000 for those age 50 or older. For married couples, ...

Taking money out of a Roth individual retirement account without triggering income taxes or penalties is trickier than you ...

Roth IRAs don’t have required minimum distributions (RMDs), even if you are older than 73, unless you inherited the account from someone other than a spouse. For the 2024 tax year, the IRA ...