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00:00You might not need any money right now, but you could take it out and then and be in the zero or 10 percent bracket.
00:06Why not? Especially if you know you're going to be in a higher tax bracket later.
00:11So you can just take the money out. If you're like, well, I'm not going to even need this.
00:17Then do a Roth conversion. And you might not even have a Roth account because a lot of people don't.
00:23But a Roth conversion means you put it into a Roth IRA and then once you meet the conditions, which are keeping it in there for five years, it's tax free.
00:32It doesn't grow. So it's moving from a pocket that has a hole in it to a pocket that doesn't have a hole in it.
00:40That's what I. Yeah. Yeah. And just to be clear on that, when we do that conversion, that's called where we take money from a regular IRA, put it into Roth.
00:48We pay taxes on that money. Right. So we're paid tax on 20,000, 50,000, a hundred thousand dollars.
00:54But then once it's in the Roth, then going forward, all the growth is tax free.
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