Q.: In your answer about paying for a Roth conversion with IRA money, you mentioned that a 10% penalty can apply to converted money. Why is that?

— Lisa

A.: Lisa,

To continue reading, please subscribe. Already a Subscriber? Log in

Dan Moisand

Dan Moisand is a principal at Moisand Fitzgerald Tamayo, LLC in Melbourne and Orlando, Fla. He is a happily married father of two, a past national President of the Financial Planning Association, has been featured as one of America’s top financial planners by at least 10 financial planning publications.

I need help sorting out the taxes on my IRA withdrawal

Dan Moisand

We Want to Hear from You