Roth Conversions, Tax Brackets, and General Tax Advice: Q&A #2029

July 18, 2020

Roth Conversions, Tax Brackets, and General Tax Advice: Q&A #2029

Chris is joined by our resident tax expert and CPA, Bob Palechek to discuss Roth conversions, tax brackets, and other general tax questions.

(4:25) An Arizonian wonders if 401k contributions count as earned income for the purposes of Roth contributions.

(10:50) A listener from Connecticut asks how much he can convert from a 401k to his Roth IRA while still staying below the 24% tax bracket.

(21:35) A Massachusetts couple asks about the wisdom behind doing Roth conversations somewhat late in their lives.

(35:45) A Californian asks about obtaining capital gains losses in order to reduce his ACA MAGI income.

(55:00) George from Ohio asks about the various options available for paying taxes on Roth conversions.

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Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.