To reduce the tax in any given year, you can roll over into a Roth IRA a bit at a time. When you take the money out of the traditional IRA, that money is considered income and is taxed. Rolling it into the Roth means that there will be no further tax, and no required minimum distribution either.
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Submitted 296 days ago...
What is the rules concerning withdrawing contributions from a Roth IRA with no taxes to be paid?
I am going to be rolling over my current IRA and while reseaching a place to put them, I saw the Roth IRA. To have contributions with no taxes having to be paid, there are rules but I can't find the rules. Can you tell me what they are?
Coul you suggest a good IRA account to place what little money I have left after last year. I need to make some and not loose any more. I live in Georgia and would like to have one close by in this state.
Thank you
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Submitted 219 days ago...
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What is the rules concerning withdrawing contributions from a Roth IRA with no taxes to be paid?
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