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Retirement tax questions
Was the money that went into the Traditional IRA from tax deferred contributions made through payroll? If so, rolling a Traditional IRA into a ROTH IRA is generally a taxable event. Once the money is in the ROTH for 5 years, you can take it out tax free, but converting from the traditional IRA you pay tax at the time you convert it to the ROTH.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 4, 2019
12:23 PM