17 Jan I converted to a Roth IRA. When can I take out the cash?
Roth IRA conversions have specific rules you must follow....
Roth IRA conversions have specific rules you must follow....
There are advantages to a conversion, but that tax bill will come due....
No one wants to be taxed twice on the same money....
You'll pay taxes now but have a tax-free account for later. ...
Most people can't make a direct conversion of an inherited IRA. ...
If you don't follow the rules, you could face penalties....
There are several ways to pay the tax bill on a conversion....
Pay from an outside account? From the IRA? It depends....
Financial planners often recommend you pay from a separate account. ...
You'll need funds to pay taxes on a Roth conversion. ...