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Retirement tax questions
In addition to the tax withholding being subject to tax and early-distribution penalty, having taxes withheld (and not substituting other funds to complete the conversion of the entire gross amount of the distribution) compromises the benefit of the Roth conversion somewhat because less ends up in the Roth IRA to grow where the growth will be tax free once the requirements are met.
March 19, 2020
12:49 PM