Jeffrey Levine, chief planning officer at Buckingham Wealth Partners, answered a question about whether this reader can do an in-plan conversion.

“My husband has a retirement fund through his work that is administered by one of the larger custodians for his employer. It has $150,000 in it, and we want to start converting some from a regular 401(k) to a Roth 401(k) to lessen the tax hit when he retires. Can you give us any advice as to the process to do so? We’re in our mid-fifties and we’d rather take the hit over a period of time now rather than when we retire at 70.”

That’s the question Jeffrey Levine answered in this episode of Ask the Hammer.

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