IRAs, whether Traditional or Roth, have unique characteristics. Depending on the type of IRA you have, you may be able to manage your taxes or your income from your IRA by managing the taxes on the withdrawals.
Roth IRA distributions are tax-free when the rules for taking withdrawals are all met. So sometimes the tricky part is getting the money into the Roth IRA in the first place. Do you make a regular contribution to your Roth? Should you convert your Traditional to a Roth? When is it a good idea to do either of these, and when is it not?
Get your IRA strategy questions answered with "Professor" Rick Plum, CFP® as he speaks with host and moderator Johnny Dean on this week's episode of Managing Your Financial Future!
