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 ...

Twelve Tax Tips of Christmas Why you should convert our 401k or Traditional IRA into a ROTH IRA. FOLLOW CHRISTIAN: Instagram: Business: Films: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future. #taxes #finance #investments... ( 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 As the end of the year approaches, it's time to start thinking about year-end tax planning. One strategy to consider is the backdoor...

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...

In this video, learn more about why people should do a Roth Conversion and if you should do one given your situation! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. Our WealthVision Comprehensive Financial Plan: 4. Learn more about our retirement planning Course The Retirement Time Machine Tracking: 404172-1... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA The Roth conversion has become a popular financial planning strategy for many Americans in recent years. With the potential to save on taxes, it’s no surprise that more people are considering the Roth conversion in 2023. Here are five reasons ...

In This video, Troy Sharpe, CFP® discusses the Roth Conversion Strategy, was provided directly to clients of Oak Harvest Financial Group and intended only for their use. It is presented here for informational purposes only. The tax strategies discussed may not be right for your personal situation and this video should not be taken as tax advice. Consult with a financial or tax professional before undertaking any new tax strategy. retirement planning Roth Conversion The tax reform that made it through congress in January of 2018, known as the Tax Cuts and Jobs Act of 2017, created potentially excellent opportunities to strategically plan for Roth Conversions. Not only have income tax rates been lowered, but tax brackets have been widened. This means that individuals can now take more money out of IRAs and pay less in taxes when compared to prior years. Navigating the impact of taxes on retirement requires a thorough knowledge of the tax code and a deep understanding of t...