{ "media_type": "text", "post_content": "Help a new international consultant in NAMR. Please. Tax planning season.\n1. I have maxed out 401K. 2. If I put money in traditional IRA, and then roll over to Roth IRA - what is the tax treatment? If this is post-tax money, do I pay any additional taxes now or later on capital gains? 3. Are there other avenues I am missing? Thank you very much in advance.", "post_id": "5fea0b7911286d002b7b81be", "reply_count": 1, "vote_count": 1, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants" }

Help a new international consultant in NAMR. Please. Tax planning season. 1. I have maxed out 401K. 2. If I put money in traditional IRA, and then roll over to Roth IRA - what is the tax treatment? If this is post-tax money, do I pay any additional taxes now or later on capital gains? 3. Are there other avenues I am missing? Thank you very much in advance.

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Traditional IRA is pre-tax money and Roth is post tax. When you convert your traditional to Roth, you pay tax on conversion. With regard to other avenues, consider HSA (if you have High deductible plan), 529 for kids.

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