Roth 401(k), Conversions, RMDs, and Cap Gains - 342

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 7 September 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

How to calculate Roth conversions to reduce taxes at required minimum distribution age? What are the rules for RMDs from Roth 401(k)? How does the 5 year Roth clock factor into a decision to leave money in an old Roth 401(k) or roll it to a new Roth IRA? Do reinvested dividends count as Roth contributions? Do capital gains count towards the capital gains income bracket? IRA contributions for minors and the unemployed, and how would you spend lottery winnings? Podcast show notes: https://bit.ly/ymyw-342

Transcript

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0:00.0	Today on Your Money, Your Wealth podcast number 342, the Roth questions are all across the board.
0:06.9	How do you calculate your Roth IRA conversion to reduce taxes when you begin taking required
0:11.8	minimum distributions?
0:13.6	Speaking of RMDs, what are the rules for RMDs with a Roth 401K?
0:18.0	How do the five-year Roth withdrawal rules factor into a decision to leave money
0:22.7	in an old Roth 401k or roll it to a new Roth IRA? Plus IRA contributions from minors and
0:29.3	those on unemployment and whether reinvested dividends count as Roth contributions. And for a total
0:35.6	change of pace, do capital gains count toward the capital
0:38.5	gains income bracket? And finally, if Joe Big Al and I were to win the lottery, what would we
0:44.4	do with the money? I'm producer Andy Last, and here are the hosts of your money, your wealth,
0:49.7	Joe Anderson, CFP, and Big Al Clopine CPA.
0:53.7	Hello, California, Baja.
0:56.0	Big Al, Joe and Andy.
0:58.0	That's cute.
0:59.0	Baja. Yeah, that's good, right.
1:01.0	Love the podcast in the great info you share.
1:04.0	As for the necessities.
1:06.0	Nice.
1:07.0	Oh, damn it, I thought I had that.
1:09.0	I thought for sure that was the really close to the niceties.
1:13.9	Niceties.
1:14.4	He's going to give us all the nice facts about it.
	...

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