Your Money, Your Wealth cover image

Roth Conversions, the Rule of 55, and Retirement Withdrawal Regrets - 358

Your Money, Your Wealth

00:00

Can I Convert and Not Pay Tax?

If you've got a side hustle or another job, and you roll your iry money back into a new four o one k, then you can convert and not pay any tax. 99 point two, five % of every distribution or conversion that you do is going to be taxable. 75 bips is tax free. But, yo, cand still do conversions. You can t. You conversions, but you're going to pay tax on the conversion.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app