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Opening a Roth IRA after 60 means you don't have to worry about an early withdrawal penalty, but you'll have to wait five years to take out money tax-free. ... 24/7 Help. For premium support ...
The post I'm 60 With $1.2 Million in an IRA. Should I Convert $120,000 Per Year to a Roth to Avoid RMDs? appeared first on SmartReads by SmartAsset. ... adding an extra $87,000 would push you from ...
24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. ... A Roth IRA conversion can be a great idea if you want to create tax-free income in retirement, but you ...
24/7 Help. For premium support please call: ... Some people opt to do a Roth conversion, moving funds from a pretax retirement account such as a 401(k) into a Roth IRA. This allows you to take ...
I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% ...
24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... A Roth IRA conversion may make sense for you depending on your situation, but it’s ...
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