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Ask The Accountant: Live Q&A with Tom Wheelwright

Wealthion - Be Financially Resilient

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How to Convert a Roth IRA?

When would it make sense for me to take my step IRA and consider conversion? I give you two times, it makes sense. Sometimes what you want to do is just pull it out. And I, people get hung up on the tax. Remember that you have an inherent tax liability in your IRA. Just because you haven't paid it yet doesn't mean you don't owe it.

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