1
Or use your tax- deferred IRA or tax-free Roth IRA.
2
-Look at the advantages of converting your tax-deferredIRA into a Roth IRA.
3
Taking the lump sum offers retirees more opportunities for tax management, because the money would reside in a tax- deferred IRA.
4
When you move money from a tax- deferred IRA to a Roth, you have to pay income taxes on the amount you move.
5
Think seriously about putting more money into your Roth IRA, even if it means putting less in your tax- deferred IRA or 401(k) plan.
6
In that way, there will not be any old tax- deferred IRA money to which you will have to allocate a portion of your Roth conversion.
7
If all your savings are locked away in a 401(k) or tax- deferred IRA, you will end up paying income taxes on all your withdrawals.
8
He converted roughly $200,000 of a tax- deferred IRA into 10 Roth IRAs that he owns, with his grandchildren named as beneficiaries.