09 Mar What does the 5-year rule mean for my converted Roth IRA?
If you don't follow the rules, you could face penalties....
If you don't follow the rules, you could face penalties....
It's all about timing and your state of residency....
There are several ways to pay the tax bill on a conversion....
Financial planners often recommend you pay from a separate account. ...
Your current and future tax brackets are considerations before you convert. ...
It's up to you where you take money to pay your tax bill. ...
There are many advantages to converting a traditional IRA to a Roth. ...
Before you convert to a Roth IRA, make sure you understand the consequences. ...
Before you convert an IRA, consider the tax consequences and your cash flow. ...
Roth conversions will lead to taxes owed depending on your overall situation. ...