Timothy Sumer

One way we help our customers is teaching them new tips and tricks that are usually left for the wealthy and their high paid advisors. Today we share one of those tips with you. It's called the in plan 401k conversion We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing A 401k in plan conversion is a process through which you can convert your traditional 401k savings into a Roth 401k account within the same plan. This conversion process allows you to take advantage of the tax benefits

Can I Contribute the Max to Both My IRA and Roth IRA, Then Convert in the Same Year? For the full podcast episode, transcript and show notes, visit On the Your Money, Your Wealth® podcast, Joe Anderson, CFP® and Big Al Clopine answer this question from Lenny in Michigan: "Hello I am wondering can I make a $5500 contribution to both my IRA and to my Roth IRA in the same year? If so, later that same year can I convert the IRA to my Roth IRA and pay the tax for the IRA?" Listen to the podcast: JA: We got Lenny from Michigan. “Hello my name is Lenny. Do you have a penny?” Anyone remember that? AL: Nope. AC: No. Nothing. JA: Really? Good Times. Remember? The guy would open up his jacket and then he would have TV's and watches? AC: (laughs) I'm sure you're right. AL: I didn't watch it, sorry. JA: Good Times? J.J.? AC: Yeah I remember J.J. but I probably watched that show for like two minutes. JA: Janet Jackson was on the show. I loved Good Ti