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Ask HTM - Buying New or Used Cars in a Crazy Market, Stocks vs Real estate, & Converting or Rolling Over a 401k #580

How to Money

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Converting a Traditional 401k Into a Roth IRA Could Be a Great Move for You

You'll be converting from a traditional 401k into a Roth IRA, which is going to come with some tax consequences. But if you're prepared to pay Uncle Sam a bit of money come April, I'm paying a little bit of tax now in order to make that conversion happen. That could be a brilliant move on your part. And that's because you'll pay those taxes now. You'll do that just one time but then that account will never be taxed again.

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