Name: I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes?
Uploaded: 2024-04-08T09:59:02-04:00
Duration: 5 min
Description: Transferring funds from a 401(k) into a Roth IRA lets you make tax-free free withdrawals in retirement, avoids rules on mandatory distributions and adds flexibility for estate planning. However, when converting a large amount of money, the potential tax bill becomes a major issue. Fortunately, strategies exist that can reduce the tax bill significantly and […]

Tag: 920k

I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes?

Transferring funds from a 401(k) into a Roth IRA lets you make tax-free free withdrawals in retirement, avoids rules on mandatory distributions and adds flexibility for estate planning. However, when converting a large amount of money, the potential tax bill becomes a major issue. Fortunately, strategies exist that can reduce the tax bill significantly and […]