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KT

πŸ‘€ Speaker
1587 total appearances

Appearances Over Time

Podcast Appearances

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

All right, everybody take it.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

Okay, here's the next question.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

Hello, Susie and KT.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

I bought a house with my sister in 2020, but I would really like to have my own place.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

My question is, how would it affect me or my sister tax-wise for me to be on two mortgages?

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

It certainly wouldn't make any sense for my sister to refinance just to remove my name.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

So I'll stay on the mortgage even though I wouldn't be living in this house.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

I'm just not sure if this will affect things in ways I don't know about.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

Is there anything I should be aware of?

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

And for her too.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

So next question is from Kristen.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

She said, Hi, Susie.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

I'm a longtime listener.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

Well, these aren't laughable situations.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

That's one of the reasons.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

This is from Kristen.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

I'm a longtime listener, and I've been slowly converting my IRA to my Roth IRA by myself through Vanguard.

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
How To Avoid Tax Penalties on Roth Conversion

Good job, Kristen.