This course is about converting her IRA to a Roth. Why would you convert to a Roth? The required minimum distribution does not apply, 100% of the income is tax-free, there is no income for conversions.<\/p>
So when you recharacterize, which means changing your IRA to a Roth, that creates a tax penalty and will create current income tax and is all ordinary income and will be based on your current income tax year.<\/p>
So should you convert or not? It depends on your current tax rates, your age at conversion, the current returns and expected returns.<\/p>
The conversion to a Roth really requires some tax planning and Lou of the feel goods about not having to take a distribution, and all the other benefits of having a Roth.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
Convert IRA to Roth This course is about converting her IRA to a Roth. Why would you convert to a Roth? The required minimum distribution does not apply, 100% of the income is tax-free, there is no income for conversions. So when you recharacterize, which means changing your IRA to a Roth, that creates a […]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[116,93,85],"_links":{"self":[{"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/posts\/383"}],"collection":[{"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/comments?post=383"}],"version-history":[{"count":0,"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/posts\/383\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/media?parent=383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/categories?post=383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetprotectiontraining.com\/wp-json\/wp\/v2\/tags?post=383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}