How Can I Roll Over $865K to a Roth IRA Without Paying Excess Taxes?

Converting a large sum like $865,000 to a Roth IRA is a strategic move for long-term tax benefits – including tax-free retirement income and eliminating required minimum distributions (RMDs) –  but it often comes with a hefty upfront tax bill. The transition from a traditional IRA or 401(k) to a Roth IRA means paying taxes on the converted funds. But, with careful planning and strategic execution, it’s possible to minimize the tax impact. Get matched with a financial advisor who can help you convert your ...