From Yahoo Finance: 2025-03-26 08:30:00

A 44-year-old with $1 million in retirement savings seeks advice on executing a backdoor Roth IRA strategy. Roth IRAs offer tax-free withdrawals, no required minimum distributions, and the ability to contribute regardless of age. Converting traditional accounts into Roth IRAs requires careful planning to minimize tax consequences and comply with the five-year rule for withdrawals. Working with a financial advisor can help navigate the complexities of Roth conversions and retirement planning.

Read more: I’m 44 With $1 Million Saved. How Do I Open a Backdoor Roth IRA?