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Retirement tax questions
If you are under age 59½, the amount not converted to Roth ($4,000) is also subject to an early-distribution penalty.
Roth conversions are most beneficial if you can pay the taxes with funds from another source since you end up with more in the Roth IRA to grow tax free.
Roth conversions are most beneficial if you can pay the taxes with funds from another source since you end up with more in the Roth IRA to grow tax free.
June 4, 2019
3:08 PM