取Roth IRA是FIFO(First In, First Out),也就是说,本金永远是First In的,利息永远是Last In的,只有当你把所有的本金都取出来之后,才开始取利息,那个时候才会有税务和罚款的问题。 Roth IRA 没有RMD,也就是说可以一直存下去,也不用取出来,留给后代也没有税务的问题。如果72岁之后还工作,还是可以继续存Roth。
The article suggests the conversion of traditional individual retirement accounts (IRAs) into Roth IRAs. It is said that the main benefits of Roth IRA over an IRA are accumulation of tax-free wealth and exemption from required minimum distribution (RMD). It adds that Roth IRA has an advantage...
We also provide the administrative support necessary to oversee the entire conversion process, including helping you or your tax preparer make sense of the reporting. In Roth Conversions, Reducing Your RMD is One of the Benefits by David John Marotta and Megan Russell on December 5, 2023 Requi...
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But that doesn’t mean Roth conversion activity has halted. Conversely, the situation has made an alternate case for getting it done. For one thing, your RMD amount gets locked in by your account balance as of Dec. 31, and many people...
there are many scenarios where a Roth IRA conversion can make sense. For example, let’s say you’re not earning a lot of money in a specific year and you want to convert to a Roth IRA while paying an extremely low tax rate. You could fork over the taxes now and avoid paying income...
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What we’re talking about here is that, after an RMD is taken, if the money is just reinvested in a taxable brokerage account, it will incur taxes on any further growth. (And, critically, that tax would not occur if a conversion were done, because the dollars would be in a Roth IRA...
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The caveat, though, is that if this yearisa low-income year, the Roth conversion must be executed by the end of the year. Although taxpayers have as late as their tax filing deadline, plus extensions, to recharacterize a Roth conversion, the original conversion itself must be completed...