Do This Now to Save Taxes BEFORE the Market Recovers
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Are you currently investing in either a traditional IRA or a traditional 401k? If so, you could take advantage of something right now that you may not even know is a possibility called a ‘Roth Conversion’.
This is something that if you are going to take advantage of it is always better to do when the market is down because you will have less of a tax hit now and be able to take advantage of the greater tax benefits of the Roth later on.
Timecodes
0:00 Take Advantage of the Roth Conversion
1:11 IRA and Roth IRA
5:22 401(k)
6:29 Converting Your IRA into A Roth IRA
9:01 Mega Backdoor Roth 401 (k) Conversion
10:49 Why Now is the Best Time
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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#rothaccount #401k #ira
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