SEP IRA to Roth Conversions and Stretch Roth IRAs and RMDs - YMYW podcast
On Yor Money, Your Wealth® podcast #210, Joe Anderson, CFP® and "Big Al" Clopine, CPA answer questions from Susan: "Hi Joe and Al, My husband has money in a SEP IRA that he was able to save when he had a small business years ago. He no longer has the business, just his regular income which is reported on a W2. As he cannot add any more savings to this SEP, he was thinking of converting this to his ROTH IRA this year. He will have to pay the taxes on the conversion but is it possible for him to convert straight from his SEP IRA to his ROTH IRA? Maybe you could have an episode where you go more into detail about stretch ROTH IRA's. It would be very beneficial for your listeners. Thank you for all the great information you share!" Listen to the full podcast or read the transcript and show notes at http://bit.ly/YMYW-210
Rules for stretch IRAs and RMDs changed in 2020! Learn more: http://bit.ly/PureSECURE
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
Schedule a free assessment with an experienced financial professional:
http://bit.ly/PureAssessment
Office locations: https://bit.ly/PureLocations
Ask Joe & Big Al On Air: https://bit.ly/AskJoeAndBigAl
Subscribe to our YouTube channel: https://bit.ly/YMYW-YT
Subscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=y
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthPodcast
Rules for stretch IRAs and RMDs changed in 2020! Learn more: http://bit.ly/PureSECURE
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
Schedule a free assessment with an experienced financial professional:
http://bit.ly/PureAssessment
Office locations: https://bit.ly/PureLocations
Ask Joe & Big Al On Air: https://bit.ly/AskJoeAndBigAl
Subscribe to our YouTube channel: https://bit.ly/YMYW-YT
Subscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=y
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthPodcast
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