15 min listen
Roth Conversions and the 5-Year Rule (Explained!)
Roth Conversions and the 5-Year Rule (Explained!)
ratings:
Length:
25 minutes
Released:
Mar 7, 2024
Format:
Podcast episode
Description
Want an easy way to learn how the "Roth 5-Year Rule" affects your unique situation? Subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive my one-page flowchart (PDF) for navigating this confusing rule. ? Click here to join the newsletter! *** TODAY'S EPISODE: The "Trump-era tax cuts" are set to expire in 2026. In other words, retirement savers only have two more years to take advantage of today's lower tax rates. One of the popular strategies to do this is through (aggressive) Roth conversions. As a result, I’ve had more questions than ever about the wildly confusing “Roth IRA 5-year rule"... ...specifically as it relates to Roth conversions. To help simplify this rule, I'm sharing TWO simple questions you can answer to understand how the rule works. I'm also sharing several real-life examples + my thoughts on what an election year might mean for the Tax Cuts and Jobs Act (TCJA). *** EPISODE RESOURCES: ? Get Your FREE Retirement & Tax Analysis! ✏️ Grab the Episode Show Notes ? Check Out the Retirement Podcast Network
Released:
Mar 7, 2024
Format:
Podcast episode
Titles in the series (100)
When to Take Social Security + How to Fix a Common Mistake: The optimal time to take Social Security, factors to consider, and fixing a common mistake. by Stay Wealthy Retirement Podcast