The Shocking Truth Behind 401(k) to Roth IRA Conversions!
As retirees, consider converting your 401(k) into a Roth IRA, especially if you have a substantial amount like $500,000. It’s crucial to understand that while Roth IRA conversions are brilliant for many, they come with tax implications. Unlike a traditional 401(k) or IRA, where taxes are deferred until withdrawal, converting to a Roth IRA requires … Read more