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Updated over 8 years ago,

User Stats

199
Posts
55
Votes
Julian Buick
  • Bluffton SC
55
Votes |
199
Posts

Transferring to Roth

Julian Buick
  • Bluffton SC
Posted

I've been using my SDIRA for private lending for a couple of years now with pretty good success. I was recently given an end date for my current job (I'm a contract engineer so it happens). This has got me thinking about the best ways for transferring my conventional SDIRA to a Roth. I plan to get together with my tax advisor in the next few weeks but I want to come armed with some suggestions. I realize that if I take a full year out of work and rollover during that year then the taxes would be less but what is the optimal strategy. If I rollover say 350k in one year I still pay a boat load of tax. If I rollover 100k then maybe not so much but then I have to stay not earning any income for more years to come so I can rollover some more. Is buying rentals to take the depreciation a good way to do it? Or is that only going to make a smell dent in the tax bill as well? Just looking for suggestions. Any and all are welcome. 

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