Q. I know I can take money from my Roth to buy a new home. Can I do it to help with a new home for my kids? And what other reasons can I take the money out without a penalty?
Q. My father has apparently been investing in a Roth for me every year for the past five years, but he never told me. I don’t think I qualify for Roths because of my income. What can I do?
Q. I’m 55 and I have $587,000 in my 401(k) and just $20,000 in a Roth. Can I convert the 401(k) to a Roth? I want to have as much tax-free money as I can when I retire.
Q. My tax bracket is relatively low because I’m semi-retired at age 63, and some have suggested I convert some retirement funds (403(b) in my case) to Roth IRAs so that the taxes are due while my income is relatively low, and before age 70 1/2 when mandatory distributions will have to begin and my tax bracket is likely to go up. However, I get my health insurance from the Federal exchange, and it looks to me like I will lose the Federal subsidy if I start converting some of those funds now. What should I do?
Q. I’m going to retire next year, and I have a traditional IRA worth $260,000 that I’m thinking of converting to a Roth. I don’t think I will need the money during my retirement, so I love the idea of giving a tax-free gift to my kids. What should I consider?
Q. I have a Roth IRA that I was planning to leave to my kids. But now my grandchildren are getting ready for college. Can I somehow use the Roth money for their college without any bad tax consequences?