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Personal Investments • Re: Should my Father cash out his IRAs?

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If he is not planning to spend the money, he could convert to a Roth IRA instead of moving the funds to taxable. Heirs still get 10 years to withdraw all the funds from the Roth IRA, but they would pay no taxes when they do withdraw.
But wouldn’t he have to pay tax when moving to the Roth ?

Statistics: Posted by goldfinger22 — Tue Aug 06, 2024 8:08 pm



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