June 12, 2026

Roth Conversion Mistakes Healthcare Practice Owners Must Avoid with Hosts, Eric Miller & Eric Gersch

27 minutes

Should you convert your IRA to a Roth IRA?

Many healthcare practice owners are told that Roth conversions are always a smart move. But the reality is much more complicated.

In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch break down when Roth conversions make sense, when they can create massive tax bills, and how healthcare practice owners should think about retirement income, tax planning, and wealth preservation.

You'll learn:

• The 3 major tax buckets every investor should understand

• How Roth conversions actually work

• Hidden tax traps that catch practice owners off guard

• Why timing matters when converting retirement accounts

• When selling your practice may create Roth conversion opportunities

• How required minimum distributions (RMDs) impact retirement planning

• Strategies to reduce future tax burdens

If you're a veterinarian, physical therapist, optometrist, dentist, physician, or healthcare practice owner building significant retirement assets, this episode is essential viewing.

Subscribe for weekly financial strategies designed specifically for healthcare entrepreneurs.

CHAPTERS 00:00 Roth Conversion Warning for Practice Owners 01:30 Introduction 03:50 Understanding Roth Conversions 06:13 The 3 Types of Tax Treatment 06:55 Taxable Investment Accounts Explained 08:55 Tax Deferred Accounts Explained 11:33 Tax Advantaged Accounts Explained 13:20 What Happens During a Roth Conversion 14:45 The Hidden Tax Bill 17:59 When Roth Conversions Make Sense 20:10 Selling Your Practice and Tax Opportunities 22:31 Avoiding Required Minimum Distributions 24:10 Why Most People Don't Convert 25:25 Retirement Income vs Tax Brackets 26:22 Why Retirees Often Feel Wealthier 26:48 Final Takeaways

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

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