AI
Tuesday, July 24, 2018 8:39:28 PM
No tax on Roth IRA gains.
Roth IRAs are contribution made after tax (if your income qualifies to participate).
401K and traditional IRAs are taxed upon withdrawal, unlike a Roth.
Not sure about SEPs.
It may be best to convert part of your IRA to a Roth IRA and pay taxes NOW.
You're gonna have IRS adjustments, but if hope for or expect a major windfall, very much worth investigating.
Plus, few limitations on withdrawals and on your Will (Inheritance/Beneficiaries).
https://www.rothira.com/traditional-ira-vs-roth-ira
UOIP, UOIP, UOIP, Scruffer
Roth IRAs are contribution made after tax (if your income qualifies to participate).
401K and traditional IRAs are taxed upon withdrawal, unlike a Roth.
Not sure about SEPs.
It may be best to convert part of your IRA to a Roth IRA and pay taxes NOW.
You're gonna have IRS adjustments, but if hope for or expect a major windfall, very much worth investigating.
Plus, few limitations on withdrawals and on your Will (Inheritance/Beneficiaries).
https://www.rothira.com/traditional-ira-vs-roth-ira
UOIP, UOIP, UOIP, Scruffer
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