@socialcap: If you have a #401k and are in a low #tax bracket, you moght want to learn more about the #rothira and how you can convert regardless of your #income level. #money #wealth #socialcap

Tyler Gardner
Tyler Gardner
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Region: US
Saturday 11 May 2024 11:47:38 GMT
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mat.kap
Matty Kap :
I still feel like $2M isn’t enough to retire these days 😅
2024-05-11 13:09:27
498
navikzc
Navi Kzc :
if you expect taxes to go up Roth Ira is taxed as you put it in. if you think taxes will go down when you retire then deffer. but statistically(100% of time) speaking taxes go up not down
2024-07-02 01:17:01
3
agmg203
agmg203 :
Is there a limit when rolling over from traditional to Roth IRA?
2024-05-11 14:29:22
2
bgc321
Becky Gregory Clark :
Back door Roth all day! 👏👏👏
2024-05-12 19:25:44
10
totalstation25
Junior :
I have a traditional 401k and a Roth 401k, I contribute 50/50
2024-05-31 21:47:51
6
siochain2you
Siochain2you❌ :
So what is the net balance after the conversion happens?
2024-05-13 11:08:23
5
itsfunnylaugh0
T Patrick Gallagher :
Can I do it with a 457b?
2024-05-11 17:35:37
8
vital_411
vital_411 :
You have to do this slowly overtime though or risk paying higher taxes on the conversion than you would have to withdraw it. That’s not always an option.
2024-05-11 16:10:17
5
silverfreckles
SilverFreckles :
They offer Roth 401ks now, too!
2024-05-11 16:19:42
5
valbarbero
V Bar :
is there a cap of hiw much you can roll over?
2024-05-12 15:20:07
5
ksgolfer
Elmer P McGurdy :
Roth 401k for the win
2024-05-12 19:09:40
5
j_hangover
j_hangover :
wouldn't be easier to just contribute to roth 401k?
2024-05-13 17:46:38
6
garandguy
Rooo :
Ok. So explain. I have a 401k with quite a bit of money. So when I retire, I should roll it into a Roth and then I don’t have to pay tax on it?
2024-05-13 16:51:50
8
user040240301
user5032599542753 :
1st you have to convert 401k to IRA
2024-05-11 17:36:54
23
lasandia28
LaSandia28 :
WhaaAA
2024-05-12 15:55:05
7
churchy74
Jason Churchward :
What are the taxes when you roll that over….
2024-05-11 16:25:47
5
user278172319
J :
You still have to pay taxes to convert
2024-05-11 13:25:20
5
fbcoachhansen
fbcoachhansen :
what's the difference? pay tax now or later?
2024-05-11 18:12:08
5
m3ciek
M3ciek :
Doable in Ireland?
2024-05-12 08:06:33
7
ashash355
ashash355 :
i have a Roth and a regular. my idea was use the funds in roth to cover the taxes for the 401k 🤷‍♀️
2024-05-12 17:43:53
6
william_bershinsky
William Bershinsky :
Can i do this with a 457 deferred compensation account?
2024-05-13 03:12:43
7
katiehappysauce
Katie happysauce :
ehh I don't make a ton so I do the roth ira at max I do 10% of my income my employer gives me 3 more and my financial guy invests in roth the overage after the 7k Max I'm 40 it'll work out lol
2024-05-12 01:29:18
8
mikesleonard
Mike Leonard :
At what point in your life do you roll over your 401k to your Roth IRA
2024-05-11 13:25:46
16
kplatt01
KristinP :
Can you explain a 403B?
2024-05-14 01:14:28
5
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