Artwork

Inhoud geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Player FM - Podcast-app
Ga offline met de app Player FM !

How to Pay Taxes On A Roth Conversion | The Limitless Retirement Podcast

16:24
 
Delen
 

Manage episode 435957391 series 3428945
Inhoud geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

Ever wondered how to strategically manage the tax implications of Roth conversions without falling into the trap of unexpected penalties? Join me, Danny Gudorf, as I uncover the essential tactics for optimizing Roth IRA growth and tax benefits in our latest episode.
You'll learn how to transition funds from traditional IRAs or 401ks into Roth IRAs effectively, enjoying tax-free growth and withdrawals in retirement. We explore the two critical methods for handling taxes on these conversions—whether to withhold taxes directly from the conversion amount or to use cash on hand. Through detailed examples, I'll guide you on estimating and managing your tax withholding while avoiding the pitfalls of early withdrawal penalties if you're under 59½.
This episode is packed with insights to help you make savvy, informed financial decisions that will optimize your Roth IRA's growth potential and secure a robust financial future. Don't miss out on this comprehensive guide to maximizing your retirement savings and minimizing your tax burden.
Key Topics:

  • Understanding the Tax Implications of Roth Conversions (00:00)
  • Methods for Paying Taxes on Roth Conversions (03:23)
  • The Advantages of Paying Taxes with Cash on Hand (06:51)
  • Building a Cash Reserve for Retirement Planning (11:11)
  • The Importance of Consulting with a Financial Advisor (12:38)

Resources:

  continue reading

Hoofdstukken

1. Optimizing Roth Conversion Tax Payments (00:00:00)

2. Methods for Paying Taxes on Roth Conversions (00:03:23)

3. The Advantages of Paying Taxes with Cash on Hand (00:06:51)

4. Building a Cash Reserve for Retirement Planning (00:11:11)

5. The Importance of Consulting with a Financial Advisor (00:12:38)

41 afleveringen

Artwork
iconDelen
 
Manage episode 435957391 series 3428945
Inhoud geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

Ever wondered how to strategically manage the tax implications of Roth conversions without falling into the trap of unexpected penalties? Join me, Danny Gudorf, as I uncover the essential tactics for optimizing Roth IRA growth and tax benefits in our latest episode.
You'll learn how to transition funds from traditional IRAs or 401ks into Roth IRAs effectively, enjoying tax-free growth and withdrawals in retirement. We explore the two critical methods for handling taxes on these conversions—whether to withhold taxes directly from the conversion amount or to use cash on hand. Through detailed examples, I'll guide you on estimating and managing your tax withholding while avoiding the pitfalls of early withdrawal penalties if you're under 59½.
This episode is packed with insights to help you make savvy, informed financial decisions that will optimize your Roth IRA's growth potential and secure a robust financial future. Don't miss out on this comprehensive guide to maximizing your retirement savings and minimizing your tax burden.
Key Topics:

  • Understanding the Tax Implications of Roth Conversions (00:00)
  • Methods for Paying Taxes on Roth Conversions (03:23)
  • The Advantages of Paying Taxes with Cash on Hand (06:51)
  • Building a Cash Reserve for Retirement Planning (11:11)
  • The Importance of Consulting with a Financial Advisor (12:38)

Resources:

  continue reading

Hoofdstukken

1. Optimizing Roth Conversion Tax Payments (00:00:00)

2. Methods for Paying Taxes on Roth Conversions (00:03:23)

3. The Advantages of Paying Taxes with Cash on Hand (00:06:51)

4. Building a Cash Reserve for Retirement Planning (00:11:11)

5. The Importance of Consulting with a Financial Advisor (00:12:38)

41 afleveringen

Toate episoadele

×
 
Loading …

Welkom op Player FM!

Player FM scant het web op podcasts van hoge kwaliteit waarvan u nu kunt genieten. Het is de beste podcast-app en werkt op Android, iPhone en internet. Aanmelden om abonnementen op verschillende apparaten te synchroniseren.

 

Korte handleiding