2023快乐!新年第一支视频来讲投资 -- 美国退休金大扫盲,新的一年,大家可以根据上限把自己的养老金比例调整好。希望这个视频能讲清楚这几个问题:一张图,几句话概括traditional,Roth,401k,IRA -- 401k,IRA,pretax,aftertax是什么。一张表概括怎么取,怎么交税如何
Specifically, the potential use of after-tax 401(k) contributions during employment to create a Roth IRA conversion strategy at the time of separation is compared to a more traditional retirement savings strategy of solely utilizing pretax deferrals. Through the use of tax and growth rate ...
Roth vs. after-tax 401(k) If you decide to rollover your after-tax contributions to a Roth IRA, there is a way around the five-year withdrawal waiting period. While you can’t open a Roth IRA directly if your income is too high – 2024 limits are $161,000 if filing single or $24...
Some financial planners suggest a combination of pre-tax and after-tax accounts for retirement planning, using both a Roth IRA and a traditional IRA. Having both is a method of tax diversification. It can help you to hedge against a change in tax rates as well as a change in income in ...
If you haven’t already funded your retirement account for 2024, you have until the tax return filing due date to do so. That’s the deadline for contributions to a traditional IRA, deductible or not, and to a Roth IRA. If you have a Solo 401k, Keogh or SEP and you get a filin...
As in the first example, you want to convert $40,000 to a Roth IRA this year.(Here comes the timing part) IF you convert the $40,000 to your IRA BEFORE (not during the same tax year) you rollover the 401(k), you will only be taxed on $20,000 of the conversion, just like ...
(Otherwise they might throw a fit…) You can now throw in another $1,250 and contribute $5,000 again to your Roth IRA for the 2008 tax year before April 15th, 2009. Even if you just reinvest the $3,750 the same way as you did before, by using this strategyyou have allowed ...
Why Roth IRA conversions are powerful tools for tax-free growth and how to use them strategically. The importance of analyzing your tax bracket to avoid costly mistakes, such as unexpectedly higher taxes or penalties. Capital gains tax rates: what they are now, what could shift, and how to ...
Yes, you can fund atraditional IRAafter filing your taxes, but the process differs from the one for Roth IRAs. If you know how much you plan to contribute, you can indicate that amount on your tax return, and you’ll be fine if you follow through and contribute that amount by the Apr...
You canconvertthe entire traditional IRA account to a Roth IRA. This is an especially good strategy if your tax bracket in retirement is actually going to be higher than it was in your working days; however, bear in mind you will owe income taxes on the entire account in the year you co...