Timothy Sumer

Today we're talking about roth conversions and how the 5 year rule applies to the Roth conversion in particular. You may have seen many of our other videos on the 5 year rule for normal roth contributions but today we will focus on the fine print in the 5 year rule particularly for roth conversions. 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: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA The 5-Year Rule on Roth Conversions: A Strategic Approach to Tax Planning When it comes to planning for a comfortable retirement, one of the key considerations ...

I find one of the most confusing set of rules for retirees are the three 5 year Roth IRA rules. Often they each are referenced as 'The 5 Year Roth Rule' as if there is only one rule. However, there are three and each carries a different penalty for non-compliance. The worst part about these penalties is that they destroy wealth in your most valuable retirement account : Roth IRA. The confusion around these rules has been compounded in recent years. As recent as 2020, the estate planning rules have changed thus changing one of these rules. In this video, we simplify and explain these rules in layman's terms. We cover: 1. The 5-Year Contribution Rule 2. The 5-Year Conversion Rule 3. The 5-Year Inheritance Rule If you have any questions, please post them in the comments and we will make sure you get the answers you need. - - - - - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan" &#x1f...