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WCI #316: Roth Contributions and Conversions

White Coat Investor Podcast

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How to Convert $150,000 to an in Plan Roth IRA

In 2023, SEP IRA in plan conversions will seemingly be available. The real decision here is are you going to roll this in to the tax deferred part of your 401k and avoid taxation on it? Because there's a big tax cost. If you convert $150,000, you're probably paying 50 grand in taxes on that Roth conversion. So you've got to make sure that is really the right move for you.

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