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BigBruce28

11/04/23 12:15 PM

#108351 RE: bluebird50 #108349

This is an epic idea that I never considered. Going to look at this in the new year.
I have an Etrade account. I suppose I could create a Roth with them and transfer the securities. Would that work?
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The Godfather

11/04/23 1:01 PM

#108354 RE: bluebird50 #108349

It's 10% on early withdrawal but you also pay the income taxes for that year depending on the bracket. But will save you from the LTCG at 20% for sure. Thanks bluebird
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stockanalyze

11/05/23 1:21 PM

#108386 RE: bluebird50 #108349

is there a limit of $6k to rollover to roth from traditional ira? or is the 6k when moving from individual account to roth?