Planning Update June 29th: A Roth IRA vs. a traditional IRA

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Director of Planning & Client Development, Shannon Smith, CFP, AWMA, to discuss:

• A Roth IRA versus a traditional IRA
  • Conversion and Contribution of IRAs
• What is the Five Year Rule?
• The tax impact of removing money from a Roth or traditional IRA
• Roth IRAs and 401ks
• IRAs for Philanthropy and Legacy
• "Back Door Contributions" - pluses and minuses