Podcasts Business Investing Your Money, Your Wealth What to Do When Theres Too Much Money in Your Traditional IRA - 423

What to Do When Theres Too Much Money in Your Traditional IRA - 423

Published: April 4, 2023, 11 a.m.

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How can you reduce taxes, IRMAA, net investment income tax, and required minimum distributions when you\\u2019ve got too much money in your tax-deferred retirement account - and just how much Roth conversion should you do? Plus, can you contribute to a Roth by transferring stocks \\u201cin kind\\u201d? If the check you send off to pay your estimated taxes isn\\u2019t cashed before the deadline is it late? How does SECURE 2.0 impact 529 plans, and is 529 better than Roth IRA for college savings? Finally, the fellas spitball a 401(k) in-plan Roth conversion and retirement account consolidation strategy.

Timestamps:

  • 00:48 - We Have Too Much in Traditional IRA. How\'s Our Roth Conversion Plan? (Kelly, Idaho)
  • 10:54 - Can I Make a Roth IRA Contribution by Transferring Stocks \\u201cIn Kind\\u201d? (GDO, Delco)
  • 14:36 - How to Pay Estimated Taxes: If My Check Isn\\u2019t Cashed Immediately, Is It Late? (Judi, San Diego)
  • 16:51 - 529 Plan vs. Roth IRA: Does SECURE 2.0 Affect 529 College Savings? (George)
  • 20:49 - 401(k) In-Plan Roth Conversion and Retirement Account Consolidation (Steve, Maine)
  • 27:07 - The Derails

Access this week\'s free financial resources in the podcast show notes at https://bit.ly/ymyw-423:

  • Tax Takedown: brand new YMYW TV and companion guide
  • 2023 Tax Planning Guide
  • Episode Transcript
  • Ask Joe & Big Al On Air
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