What are the State Tax Implications of Roth Conversions?
Автор: Jason J. Hamilton, CFP®, CRPC®
Загружено: 2020-12-13
Просмотров: 2806
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State Tax Implications of Roth Conversions
Last week we discussed the questions you should be asking yourself to help you determine if a Roth Conversion is right for you.
I know many investors want a simple answer to this question but we must consider all the variables if we are to properly determine the benefits of paying taxes today vs. waiting and paying at a later time.
The bottom line is that you will pay tax at some point.
If this is the case, then it makes sense to consider paying now or later and when paying taxes owed will be most advantageous to you.
In today’s workshop, we’ll be discussing another question that must be answered to solve the “Should I consider a Roth conversion” riddle: State tax implications of Roth conversions.
To schedule a complimentary retirement strategy call, go to: keepitsimplefinancial.com/talk
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