A short instructional video by Craig Wear, CFP® explaining Roth IRA conversions and focusing on strategies for paying the taxes triggered by conversions. The speaker intends to address client questions about where and when to pay conversion taxes and outline practical options.
Today I want to cover kind of the subject of how to pay for Roth ira, IRA conversion taxes. Some of the options and strategies that you can use to get that done. We get this question a lot from our clients are asking, gosh, well, how am I going to pay the taxes on it? Where do I need to take it from? When do I need to do it? So we're going to talk just really briefly about the whole Roth IRA conversion and what the tax implications are, and highlighting that really big key question of how do you effectively pay for the taxes that are triggered when you do a large Roth conversion?
