Stories Related to I'm 60 With $1.1 Million In An Ira. Should I Convert $100,000 Per Year To A Roth To Avoid Rmds?

I'm 60 With $1.1 Million in an IRA. Should I Convert $100,000 Per Year to a Roth to Avoid RMDs?

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  • Converting Retirement Savings to a Roth IRA? Don't Do This
    You might want to convert all of your savings to a Roth in one go, but you could end up paying hundreds of thousands more in taxes than you have to.
    01/16/2025 - 9:40 pm | View Link
  • The Lesson From a Buffett Protégé: How a $70,000 IRA Grew to $269 Million
    Ted Weschler, one of Warren Buffett’s trusted deputies, achieved an astonishing feat: growing his retirement account to $264 million in under 30 years.
    01/14/2025 - 2:51 am | View Link
  • Should I convert my IRA into a 529 plan?
    You can also simply use a Roth IRA to pay for college without taking the step of converting the money to a 529 plan. As long as the Roth IRA funds are used for approved expenses, you won’t be ...
    01/13/2025 - 6:29 am | View Link
  • Should I Do a Roth Conversion on $90k per Year to Avoid RMDs? I Have $900k in an IRA
    Converting an IRA to a Roth IRA is a popular approach to avoiding mandatory required minimum distributions (RMDs) - and the associated taxes - in your 70s and beyond. Doing it gradually can stretch ...
    01/12/2025 - 11:37 pm | View Link
  • I'm 58 With $1.4 Million in My 401(k). Should I Convert $140k per Year to Avoid RMDs and Taxes in Retirement?
    Transferring funds from a 401(k) to a Roth IRA can help a retirement ... a few hypothetical scenarios. A 58-year-old with a $1.4 million 401(k) could convert $140,000 per year as a way to help ...
    01/6/2025 - 6:17 pm | View Link
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