Sentences with phrase «ira after a conversion»

Not exact matches

I've spoken at length that early retirees should have one - fifth of your nestegg outside of IRAs, the IRA portion can be tapped penalty free after a five - year Roth conversion waiting period.

Which means the net result of his $ 5,500 Roth conversion will be $ 147 of after - tax funds that are converted, $ 5,353 of the conversion will be taxable, and he will end out with a $ 5,500 Roth IRA and $ 200,000 of pre-tax IRAs that still have $ 5,353 of associated after - tax contributions (the remaining portion of the $ 5,500 non-deductible contributions that were not converted).