37 min listen
What to Do When There’s Too Much Money in Your Traditional IRA - 423
What to Do When There’s Too Much Money in Your Traditional IRA - 423
ratings:
Length:
28 minutes
Released:
Apr 4, 2023
Format:
Podcast episode
Description
How can you reduce taxes, IRMAA, net investment income tax, and required minimum distributions when you’ve got too much money in your tax-deferred retirement account - and just how much Roth conversion should you do? Plus, can you contribute to a Roth by transferring stocks “in kind”? If the check you send off to pay your estimated taxes isn’t cashed before the deadline is it late? How does SECURE 2.0 impact 529 plans, and is 529 better than Roth IRA for college savings? Finally, the fellas spitball a 401(k) in-plan Roth conversion and retirement account consolidation strategy. Timestamps: 00:48 - We Have Too Much in Traditional IRA. How's Our Roth Conversion Plan? (Kelly, Idaho) 10:54 - Can I Make a Roth IRA Contribution by Transferring Stocks “In Kind”? (GDO, Delco) 14:36 - How to Pay Estimated Taxes: If My Check Isn’t Cashed Immediately, Is It Late? (Judi, San Diego) 16:51 - 529 Plan vs. Roth IRA: Does SECURE 2.0 Affect 529 College Savings? (George) 20:49 - 401(k) In-Plan Roth Conversion and Retirement Account Consolidation (Steve, Maine) 27:07 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-423: Tax Takedown: brand new YMYW TV and companion guide 2023 Tax Planning Guide Episode Transcript Ask Joe & Big Al On Air
Released:
Apr 4, 2023
Format:
Podcast episode
Titles in the series (100)
How Negative Interest Rates and the President's Budget Proposal Impact You - 2: Joe and Big Al discuss negative interest rates and how they could affect you. Plus, the President released this year's budget proposal! Big Al and Joe break it down and explain what the changes could mean for you and your beneficiaries. by Your Money, Your Wealth