In this 5-minute video Mike discusses the tax treatment of Roth IRA distributions that do not meet the qualified requirements. Many assume that non-qualified distributions will always result in heavy penalties and a big tax bill, but that's not always the case. Mike clearly explains the distribution ordering rules in this video and the results may surprise you.
The Boston Institute of Finance’s Mini Bite video series aims to tackle key financial planning topics that are both important in practice and testable on CFP® Board’s certification exam.
Find more helpful videos on The Boston Institute of Finance's YouTube page.