How to Pay Taxes on Roth Conversions
Episode description
We all know that Roth conversions can be a powerful tax savings strategy for retirees, but how do you actually pay the taxes when doing a conversion?
Listen in to this week's episode to learn about the 2 ways to pay your conversion taxes:
- Withhold the taxes
- Pay the taxes with cash
Also, I share a few things to look out for and which of these two options I think is the best way to pay the taxes on your Roth conversions.
Be sure to stay to the end to hear this week's listener question. Enjoy the show!
As always, please reach out with questions or topics you want to hear more about by emailing me at [email protected].
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