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Roth IRA Q&A: Five-Year Rule, Income Limits & Conversion Mistakes

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Manage episode 500206724 series 3477542
Content provided by Jude Wilson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jude Wilson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week on the show, Jude answers some of the most common Roth IRA questions! First up: the Five-Year Rule. What does it really mean, how does it apply to contributions versus earnings, and why should you start the clock as soon as possible? Jude breaks it down in plain language with a reminder that waiting too long could delay your tax-free income in retirement. Next, Jude tackles two questions that often go hand in hand: what to do if you make too much to contribute to a Roth IRA, and whether you should convert your entire IRA all at once.

Here are the questions we discuss in this episode:

💭 What is the Roth five-year rule?

💭 What if I make too much to contribute to a Roth?

💭 Should I convert my IRA to a Roth all at once?

Tax Bomb Calculator: www.thetaxbomb.com

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

  continue reading

141 episodes

Artwork
iconShare
 
Manage episode 500206724 series 3477542
Content provided by Jude Wilson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jude Wilson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week on the show, Jude answers some of the most common Roth IRA questions! First up: the Five-Year Rule. What does it really mean, how does it apply to contributions versus earnings, and why should you start the clock as soon as possible? Jude breaks it down in plain language with a reminder that waiting too long could delay your tax-free income in retirement. Next, Jude tackles two questions that often go hand in hand: what to do if you make too much to contribute to a Roth IRA, and whether you should convert your entire IRA all at once.

Here are the questions we discuss in this episode:

💭 What is the Roth five-year rule?

💭 What if I make too much to contribute to a Roth?

💭 Should I convert my IRA to a Roth all at once?

Tax Bomb Calculator: www.thetaxbomb.com

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

  continue reading

141 episodes

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