Android app Apple app link

I'm 58 With $1.7 Million in My 401(k). Should I Start Converting 10% per Year to a Roth IRA Now to Avoid RMDs and Taxes?

By Yahoo! Finance   |   5 days ago
I'm 58 With $1.7 Million in My 401(k). Should I Start Converting 10% per Year to a Roth IRA Now to Avoid RMDs and Taxes?

Transferring retirement savings from a 401(k) to a Roth IRA can offer tax benefits in retirement. It's essential to calculate conversion amounts based on tax bracket effects. Consulting a financial advisor can help in making an informed decision on Roth conversions.

Read More

Did you find this insightful?

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.