Earning too much for a Roth IRA? There’s a workaround. Let’s explore how high-income earners can still take advantage of Roth accounts. Key Points: Introduction: Hey, high rollers! If you’re raking in the big bucks, you might think a Roth IRA is off-limits. But hold on—there’s more to the story. Let’s dive in. Roth IRA […]
roth conversions
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Asset Allocation in Roth Conversions: The Cherry-Picking Strategy
Your Roth conversion could be a goldmine—or a landmine. Let’s explore the strategy of converting multiple asset classes into multiple Roth IRAs. Key Points: Introduction: Hey there, future retirees! You’ve probably heard about Roth conversions, but have you ever thought about asset allocation while doing it? It’s a game-changer, and we’re about to tell you […]
The 5-Year Rule in Roth IRAs: A Timeline You Can’t Ignore
The 5-Year Rule in Roth IRAs: A Timeline You Can’t Ignore
Five years in a Roth IRA can make or break your tax-free withdrawals. Let’s decode the 5-year rule that everyone should know about. Key Points: Introduction: Hello, financial enthusiasts! You’ve probably heard about the 5-year rule in Roth IRAs. It’s a timeline that can either be your best friend or your worst enemy. Intrigued? Let’s […]
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Recharacterizing Your Roth: The Pro-Rata Rule Unveiled
Think you can dodge taxes with Roth recharacterization? Think again. Let’s unveil the complexities of the pro-rata rule. Key Points: Introduction: Hey, financial aficionados! Ever thought about recharacterizing your Roth IRA contributions? It sounds like a simple “undo” button for your Roth conversion, but it’s not that straightforward. Let’s dive in and demystify the pro-rata […]
Is a Roth Conversion the Right Move For Your Retirement Plan?
Is a Roth Conversion the Right Move For Your Retirement Plan?
Key Points Blaine Thiederman MBA, CFP | September 23, 2022 4 Considerations to Make Before Doing a Roth Conversion There are two common types of individual retirement arrangements (IRA) that you can invest in when saving for retirement: a Roth IRA and a Traditional IRA. When reviewing some of their differences, it’s important to ask […]