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.

Check out the background of firms and investment professionals on SEC’s Adviser Info Page.

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

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs. The advisor must attend two live training sessions and pass two written exams annually to remain in the program. Jim Saulnier & Associates, LLC (“RIA Firm”) is a registered investment adviser located in Fort Collins, CO. Jim Saulnier & Associates, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Current registered states: CA, CO, PA, TX, WA, IL Insurance products and services are offered and sold through James H. Saulnier, a Colorado licensed insurance producer, only in those states in which he is reciprocally licensed or qualifies for an exemption or exclusion from licensing requirements. Current reciprocal insurance licensing in these states: AZ, CA, CA, CN, FL, HI, IA, MA, MD, NY, PA, SC, TN, TX, VA, WA, WI, WY Click here for a more detailed disclosure.