@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
I am confused. The limit of 7k per year for Roth IRA does not apply after retirement?
2025-10-09 16:47:32
7
A :
My company has Roth 401k 😅
2024-05-13 14:08:41
6
Matty Kap :
I still feel like $2M isn’t enough to retire these days 😅
2024-05-11 13:09:27
536
J :
You still have to pay taxes to convert
2024-05-11 13:25:20
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ecpcr :
so when do I convert it to the roth ira if im still working?
2026-08-17 00:06:10
1
Will Downs :
Plenty of my client actually just use the Roth 401k option and withhold their taxes through wages. Leaves conversions out of the process
2024-05-14 18:05:59
5
ET :
So you don’t pay taxes when you convert it??? The answer is yes and in a lot higher bracket I might add. Or no? I am asking
2024-05-16 01:26:00
5
user5875364420956 :
Also I have a tax deferred account . But want to put it in a Roth
2024-05-12 16:00:46
8
T Patrick Gallagher :
Can I do it with a 457b?
2024-05-11 17:35:37
10
johnhipster :
I’m willing to bet that when he converted to a Roth IRA, he had to pay taxes!!
2024-05-14 17:33:45
5
Joero24 :
The conversion doesn’t count toward the contribution limit will it?
2024-05-13 13:18:56
6
WatchTheCents :
Or just contribute Roth funds to a 401k…
2024-05-15 16:11:06
5
𝑺𝒆𝒕𝒉 𝑪𝒍𝒂𝒓𝒌 :
Can you convert a 403(b) to a Roth?
2024-05-13 03:29:13
5
Jen :
Do we contribute before tax or after tax?
2024-05-30 13:19:06
5
LaSandia28 :
WhaaAA
2024-05-12 15:55:05
10
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
El Maestro :
How can we say taxing peoples retirement is at all fair?
2024-06-26 21:26:10
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The World as We Know It :
pay tax now or later, a percentage is a percentage, it works out the same if you are already a high enough tax bracket to have $2MM.
2024-06-19 07:41:44
6
dy1stote9rlu :
Wish I knew about a Roth earlier in my career. It’s the only way to go
2024-05-16 16:24:40
6
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
13
M3ciek :
Doable in Ireland?
2024-05-12 08:06:33
8
BMFBEAR :
Will the taxes be taken out of the amount being converted? Looking to convert about 25k
2024-05-14 00:26:47
5
user5032599542753 :
1st you have to convert 401k to IRA
2024-05-11 17:36:54
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here4laughs26 :
Only if the Roth is “after tax” I have Roth IRAs and I will pay tax when I cash them out
2024-05-11 13:18:37
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fbcoachhansen :
what's the difference? pay tax now or later?
2024-05-11 18:12:08
7
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