Can You Convert an RMD Into a Roth IRA? Do You Have To Wait 5 Years to Touch Your Converted Roth?

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  • Опубликовано: 29 авг 2024
  • Can you take a Required Minimum Distribution, pay the taxes, and convert that amount into an IRA? Does the 5-Year Rule apply to Roth conversions and does a new 5-year period start each time you make a conversion? In this show we answer both of these very common (and misunderstood) questions.
    Dolphin Financial Radio is a fun and informative podcast on retirement planning issues. This is not financial advice. Please seek professional guidance before implementing these ideas or strategies:
    www.dolphinfinancialgroup.com
    Investment advisory services offered through Dolphin Wealth Management Inc., a Registered Investment Advisor in the state of Florida. Insurance products and services are offered through Dolphin Insurance Inc., Dolphin Wealth Management Inc, and Dolphin Insurance Inc. are affiliated companies doing business as Dolphin Financial Group.
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Комментарии • 1

  • @josephjuno9555
    @josephjuno9555 2 месяца назад

    I opened a Roth IRA 20 yr ago, I had $30,000 in it. But Closed it. Does that count or does Roth IRA Have to remain open to keep 5 yr window open?