We all know that Roth conversions can be a powerful tax savings strategy for retirees, but how do you actually pay the taxes when doing a conversion?
Listen in to this week's episode to learn about the 2 ways to pay your conversion taxes:
- Withhold the taxes
- Pay the taxes with cash
Also, I share a few things to look out for and which of these two options I think is the best way to pay the taxes on your Roth conversions.
Be sure to stay to the end to hear this week's listener question. Enjoy the show!
As always, please reach out with questions or topics you want to hear more about by emailing me at jacob@retirementanswers.net.
Want help with your retirement plan?👇🏼
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What is Retirement Answers?
Retirement Answers is a podcast built to help you succeed in retirement. The thought of retirement can be overwhelming and downright scary for many... but it doesn't have to be!
The goal of this podcast is to provide thoughtful insights and strategies to give you the confidence you need to retire successfully. At the end of the day, my ultimate goal for my clients and podcast listeners is to live a fulfilling retirement.
Follow along as I publish a new episode each week covering everything from retirement income planning, tax planning, Social Security, insurance planning, investing, and much more.
Here's to learning everything you need to know to live out your dream retirement!