Is a Roth conversion right for you?

Moving your money from a traditional IRA or 401k and into a Roth IRA can be a smart choice for your future. But, while the mechanics of a Roth conversion are simple, it’s important to get the full picture to find out if this move will benefit you in the long term.

In this episode, we share everything you need to know about doing a Roth conversion, including what a Roth conversion is, why you may choose to do one, and the process of moving your money between pre-tax and after-tax accounts.

In this episode find out:

• The differences between a traditional IRA and a Roth IRA
• How much of a traditional IRA you can convert to a Roth IRA
• The mechanics of doing a Roth conversion
• Everything you need to know about conversion tax
• Why you need to consider future tax
• How a Roth conversion helps you avoid required minimum distributions
• Why you shouldn’t take a cookie-cutter approach to conversions

Tweetable Quotes:

“You are able to convert 100% of your traditional IRA into a Roth – there are no conversion limits.” – Radon Stancil

“When you do a Roth IRA conversion, there are going to be taxes involved.” – Murs Tariq

Important Links & Mentions:

• Book a call with us
• 3 Keys to Secure Your Retirement
• Peace of Mind Wealth Management Blog

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].