For many individuals, converting to a Roth IRA may make sense. However, you should consult with a tax advisor and consider the following factors prior to making your decision: 1. Can you pay the taxes? 2. Is time on your side?
Roth IRA ConversionRichard J. Schillig
其中一个是存After-Tax的IRA,然后每年Convert to Roth,或者把以前的IRA每年Convert成Roth。那样你就有更多的Roth啦。但是Convert的Roth 有五年的限制,不像普通Contribute的Roth,只要账户满了5年,所有的本金都可以随时取用,而Convert的Roth每一个Convert都要求等5年,或者59岁半,你要自己做一个记录喔,IRS是不会给你...
A Roth IRA conversion is potentially a way to save on taxes in retirement. However, for most people, converting to a Roth IRA is probably a waste of time. It is highly unlikely you will make more in retirement than while working. As a result, your tax rate will likely be lower in re...
See if converting to a Roth IRA makes sense for you. Use our Roth IRA Conversion Calculator to compare estimated future values and taxes.
(3) Rollovers from an eligible retirement plan other than a Roth IRA 这样Roth rollover/conversion不影响MAGI for Roth IRA。 2006年,新的法案规定从2010年起废除Roth rollover的MAGI limit,从此无论收入如何, 都可以做Roth rollover。这为后来backdoor Roth的发展扫清了障碍,参考博客对backdoor的历史和法律分...
A Roth IRA conversion might be wrong for you if... You lack the cash to pay the likely tax bill generated by the conversion. Some people pay the tax bill with part of the converted balance, but that sacrifices some of the tax-free investment growth. And if you’re under 59½, you...
A Roth IRA conversion means moving funds from a tax-deferred account like a regular IRA or 401(k) to a Roth IRA, and paying taxes on the amount you convert. Income limits typically prevent higher earners from directly funding a Roth IRA, but a Roth conve
Tax Implications of Converting to a Roth IRA When you convert a traditional IRA to a Roth IRA, you will owe taxes on any money in the traditional IRA that would have been taxed when you withdrew it. That includes the tax-deductible contributions you made to the account as well as the ta...
traditional,simplified employee pension (SEP), orSIMPLE IRA, or from adefined-contribution plansuch as a 401(k), into a Roth IRA. While the account owner has to pay income tax on the money they convert, they will be eligible to make tax-free withdrawals from the account in the future....