If you're going to a lower income tax state, maybe i'd do it in september or maybe october. It gives you a litle more time to come up with that cash. You might get nailed on not staying in the safe harbor as far as not making quarterly estimated payments. But there's the little bit of lee way in doing that your first year. If you don't actually have to do a wroth conversion on this money, I would say what most people do is roll it into a four one k.
There are potential big changes coming up as a new tax bill is working its way through Congress. While there are sure to be many changes to the proposed bill before it becomes law we wanted to dive into how this bill will affect the WCI community. One of the biggest impacts is that backdoor Roth IRA and mega backdoor Roth IRA accounts could be gone for good. There are proposed changes to income tax brackets and required minimum deduction rules. We look into these changes and many others that could be coming our way.
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