Emotional Wealth

"Should I Make a Roth IRA Conversion?"


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What are the mechanics behind a Roth Conversion?

  • Mechanically, this strategy involves converting savings from a pretax retirement account, such as 401(K) or a Traditional IRAs, to a tax-free Roth IRA.

What are the primary items to consider?

  • Current and Future Tax Brackets
  • Expected Income Sources
  • Types and Amounts in Different Investment Accounts
  • Time left until withdrawals needed
  • Comfort Level with Investment Risk 

Is a Roth Conversion right for you?

  • While this strategy can help you save tax, it involves analyzing multiple pieces as well as your timelines in your financial picture.
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Emotional WealthBy Lon W Broske, CFS®, CFP®

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