Roth Conversions, the Rule of 55, and Retirement Withdrawal Regrets - 358
Your Money, Your Wealth
00:00
The Prorata Rule of the Ira
In essence, i would be paying double taxes on the six thousand k pro rata amount. The prorata rule is just that any dollar that comes out of the retirement account of the ira will not be taxed after tax as long as you keep track of that basis. So if you do a conversion of basically 75 basis points, is going to be taxed free on every conversion that you do from now until the i r a is dran ret of answers.
Transcript
Play full episode
