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Roth Conversion Rules. Because Roth accounts are not subject to the required minimum distribution (RMD) rules that apply to 401(k) accounts, a retirement saver may want to consider converting ...
Do you or don't you want to convert to the Roth 401(k) or a 403(b) by the end of 2010? That's the hot retirement-planning topic of the year for anyone, especially those on the verge of retirement.
In short, doing a mega backdoor requires you to make after-tax contributions to a 401(k) and then convert them to your Roth 401(k) or to a Roth IRA. However, it depends on what your workplace ...
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 your distributions tax-free (though you do pay ...
In other words, the impact of a Roth conversion could be bigger than expected in either direction.(A financial advisor can help you determine the relevant tax rates so you can make a wise decision ...
The nice thing about Roth 401(k)s is that they don’t impose RMDs for someone who will only reach 73 after 2024. So if you convert your traditional 401(k) to a Roth, you can get out of taking ...
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