Retirement Answer Man
Roger Whitney, CFP®, CIMA®, RMA, CPWA®
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The Rules for Roth Withdrawals
After listening to the past two episodes you now know how to make Roth contributions and conversions, that was the easy part. Today we discuss the more complicated Roth rules for making withdrawals. To avoid unnecessary penalties and taxes you’ll want to make sure that you clearly understand the regulations surrounding Roth withdrawals. Listen to ensure that you don’t get caught unaware and needlessly get stuck paying avoidable taxes and fees. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [1:32] Building a target to work for to build healthy habits [6:20] The golden rule of Roth withdrawals [8:58] The order of withdrawals [11:08] How the five-year rule works with contributions [16:41] How the five-year rule works with conversions [19:33] How the five-year rule works with a Roth 401K LISTENER QUESTIONS [27:11] On taking money from a 401K and moving it to a Roth IRA so that someone can manage it [31:34] How to decide whether to convert funds into a Roth IRA [35:03] Estimating Social Security income using the detailed calculator [36:01] Clarifying the five-year rule start date [38:40] Deciding whether to claim Social Security early BRING IT ON [43:14] Intentions vs actions TODAY’S SMART SPRINT SEGMENT [46:42] Catch yourself setting intentions Resources Mentioned In This Episode Dexa Scan BOOK - Outlive by Peter Attia Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Roger’s Retirement Learning Center
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