From The Retirement Nerds.
Do you know about the two Roth 5-year rules? If you don’t, violating them could cost you thousands in penalties and taxes.
RELATED VIDEOS:
ZACC’S CHANNEL:
https://www.youtube.com/@ZaccMoneyEducation
CAPITA FINANCIAL NETWORK LINKS:
Email: Connect@capitamail.com
Website: https://capitafinancialnetwork.com/
Your Best Financial Year Program: https://www.capitafinancialnetwork.com/your-best-financial-year
✅ Topics covered:
• The Forever 5-Year Rule
• The 5-Year Penalty Rule
• Examples
• A framework to help you avoid these issues
Check out our resources at https://TheRetirementNerds.com/
=============================
Send me a message!
Erik@TheRetirementNerds.com
=============================
=============================
Be Sure to Subscribe to our Channel!
=============================
YouTube: @theretirementnerds
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
============================================================
⏰ TIME CODES ⏰
0:00 Intro
0:23 The Two 5-Year Rules
3:40 Rule #1 – The Forever 5 Year Rule
7:59 Rule #2 – 5-Year Conversion Rule
9:23 5 Examples
9:53 Example 1 – George Dream Car
15:06 Example 2 – Susan’s Serger
18:27 Example 3 – Richard’s Cabin
25:18 Example 4 – Jared’s Urns
29:54 Example 5 – Margo’s Obsession
43:30 Question from Viewer
48:22 Where to Get Help
=============================
#investing #theretirementnerds #roth #rothvstraditional #retirementnerds #finance
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
