Today we're going to talk about Roth conversions and recharacterizations.
A lot of people are trying to transition money from their IRAs to their Roth's.
The benefit of that is you're taking money that's pre-tax and is going to be
fully taxable in retirement, moving it to after-tax money and thus tax-free upon
withdrawal. The deadline to do Roth conversions in each calendar year is the
year-end. So if you're going to be moving money you've got to get it done by
December 31st. The nice thing about conversions is the ability to undo them.
You can recharacterize should you end up doing more than what you want to.
The deadline to recharacterize and take the money out of the Roth and shift it back
to the traditional IRA is your tax filing deadline. So April 15th.
If you file an extension you've actually got all the way until October 15th
to get that recharacterization finalized. This year is actually a little bit different.
The tax filing deadline was April 18th and if you file an extension you've
actually got all the way till October 16th.
If you need any more information please go to purefinancial.com.
For more infomation >> What is a Roth Conversion and Recharacterization? - Duration: 1:14.-------------------------------------------
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When the Gospel Is at Stake - Duration: 0:42.
We should be willing to die for those truths that are absolutely essential to the Christian
faith—not for every point of doctrine, not for every dispute.
I mean sometimes we fight over theological issues that we should never be fighting about.
But when it comes to the essential truths like the gospel, then Luther is a hero.
Luther was willing to die.
Luther stood against the world just as Athanasius had done centuries before him.
When it is the truth of the gospel that is at stake, you have to be able to let 'goods
and kindred go, this mortal life also.'
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