In this episode of Wealth Para Todos, host Rita-Soledad Fernández Paulino addresses a listener's question about how to convert a traditional 401k to a Roth 401k. Soledad explains the basics of traditional and Roth retirement accounts, including their pros and cons, tax implications, and strategic planning for conversions. The episode also emphasizes the importance of financial literacy and offers practical steps for investing in the stock market. Additionally, Soledad stresses the value of community support and self-care while navigating financial decisions. Listeners are encouraged to book a discovery call for personalized financial coaching.

00:00 Introduction and Mission

00:21 Listener Question: Traditional 401k to Roth 401k

00:56 Current Events and Personal Reflections

01:46 Basics of Investing in the Stock Market

05:06 Understanding Retirement Accounts

06:16 Traditional vs. Roth Retirement Accounts

12:58 Steps for Roth Conversion

16:47 When to Consider a Roth Conversion

19:27 Converting Traditional Accounts to Roth IRAs

21:23 Final Thoughts and Next Steps

Tax brackets for 2025
Sign-up for Roth IRA Office Hours
Book a Discovery Call to Learn More About 1:1 Coaching w/Soledad