3 Strategies to Pay Roth Conversion Taxes - 495

Your Money, Your Wealth

Contenuto fornito da Your Money, Your Wealth, Joe Anderson, Alan Clopine, and CPA of Pure Financial Advisors. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Your Money, Your Wealth, Joe Anderson, Alan Clopine, and CPA of Pure Financial Advisors o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

2M ago 33:51

MP3•Pagina principale dell'episodio

Today on Your Money, Your Wealth® podcast 495, Joe Anderson, CFP® and Big Al Clopine CPA spitball on three different listeners’ strategies for paying the tax on a Roth conversion now, to have lifetime tax-free growth on that money in the future. Should Neo in San Clemente, California convert to Roth at the beginning or end of the year in his plan to make quarterly estimated tax payments on his conversion? Is it a good strategy for Tim in Minnesota to use reimbursements from his health savings account to pay Roth conversion taxes? And what do Joe and Big Al think of Samantha in Northern California’s plan to convert to Roth and pay the tax with her IRA money? Plus, the fellas answer questions from our YouTube and Spotify followers on required minimum distributions from Roth accounts, reasons to put retirement withdrawals in a brokerage account instead of a Roth, choosing pension options, and the difference between commercial annuities and pension annuities. Plus, their thoughts on single premium immediate annuities (SPIA). Access all the following free financial resources and the episode transcript: https://bit.ly/ymyw-495

CALCULATE: A Financial Blueprint of your retirement readiness for free!

DOWNLOAD: Complete Roth Papers Package

DOWNLOAD: Retirement Readiness Guide

WATCH: What Happens to Your 401(k) & IRA at Retirement? YMYW TV

REQUEST: Retirement Spitball Analysis

SCHEDULE: free financial assessment

SUBSCRIBE: YMYW on YouTube

DOWNLOAD: more free guides

READ: financial blogs

WATCH: educational videos

SUBSCRIBE: YMYW Newsletter

Timestamps:

00:00 - Intro

01:02 - Timing of Roth Conversions - and Paying Quarterly Estimated Taxes (Neo, San Clemente)

06:37 - Is Using HSA Reimbursement to Pay Roth Conversion Taxes a Good Strategy? (Tim, MN)

08:44 - Complete Roth Papers Package - free download. Financial Blueprint - free retirement analysis

09:39 - How Is Our Plan to Convert to Roth and Pay the Tax With IRA Money? (Samantha, Northern California)

19:15 - What Happens to Your 401(k) & IRA at Retirement? Watch YMYW TV, download the Retirement Readiness Guide

20:01 - RMDs for Roth Accounts: Clarification for Solo 401k (Andy, YouTube)

21:43 - Joe and Al walk into a bar… (Tony, YouTube)

22:44 - Any Reason to Put Withdrawals in Brokerage Instead of Roth? (Globe Trotter, YouTube)

23:35 - How to Decide Between Pension Options? (Frank, YouTube)

25:40 - Is a Pension Annuity a Bad Thing? (Invictus, YouTube)

26:47 - Are SPIAs the Best Annuity for Lifetime Income? (1212482970, Spotify)

29:23 - Outro

30:58 - The Derails

503 episodi