3 (More) Reasons NOT to Do Roth Conversions

Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion.  The 5 reasons shared were: 1️⃣ - Shadow taxes  2️⃣ - No undo button  3️⃣ - Lack of cash flow to pay the tax bill  4️⃣ - You just don’t want to :)  5️⃣ - Future charitable giving goals Today I'm sharing three (more) reasons not to convert + why it might be ok to leave money in your pre-tax IRA. Roth conversions can be a wildly beneficial tax planning move for the right person... ...but they aren't a "no-brainer" for everyone.  If you want to learn more about situations when converting money to a Roth IRA does NOT make sense, today's episode is for you.  WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet.