I Have $640k in a 401(k). How Do I Avoid Paying Taxes When Converting to a Roth IRA?
Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t be avoided, savers can reduce the burden through several strategies like gradual conversions and timing adjustments. Those nearing retirement can weigh […] The post I Have $640k in a 401(k). How Do I Avoid Paying Taxes When Converting to a Roth IRA? appeared first on SmartReads by SmartAsset.