Dec 18, 2024
11:06:24am
11:06:24am
Roth IRA earnings are not taxable if qualified distribution. That’s the benefit.
Traditional IRA earnings are taxable upon withdrawal. But you’ll run into the pro rata rule if you don’t convert your full IRA account to a Roth.
Talk to a financial/tax advisor to see if it’s worth it to convert and how to ladder it to minimize tax.
Talk to a financial/tax advisor to see if it’s worth it to convert and how to ladder it to minimize tax.
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