Should you convert your IRA to a Roth IRA, or is it better to leave your money where it is? In this episode of the I Love Annuities Podcast, Jeremiah Konger and Zachary Van Es break down the pros and cons of Roth conversions, the benefits of staying with a traditional IRA, and how this decision impacts your retirement income, taxes, and legacy.We cover everything retirees and pre-retirees need to know about Roth IRA conversions, including:The tax benefits of Roth IRAs vs. traditional IRAsHow Roth conversions affect Required Minimum Distributions (RMDs)The role Roth conversions play in retirement planning and tax diversificationSix domino effects that happen if you don’t convert: higher AGI from RMDs, Social Security taxation, loss of deductions, the widow’s penalty, Medicare IRMAA surcharges, and heirs inheriting a tax liability under the SECURE Act 10-year ruleThe advantages of NOT converting, including QCDs, lower expected retirement income, and avoiding a large upfront tax billStrategic ways to approach conversions: tax bracket management, timing before RMDs, and using annuities with bonuses to help offset conversion taxesIf you’ve ever wondered whether a Roth conversion is right for you, this is the episode you can’t afford to miss.👉 Timestamps:00:00 – Intro: IRA vs Roth Basics04:30 – Why People Convert IRAs to Roth IRAs09:00 – Downsides of Roth Conversions13:30 – Pros of NOT Converting18:00 – The Six Chain Reactions of Not Converting34:00 – Strategic Roth Conversion Considerations40:00 – Action Steps & Closing🔑 Keywords to Boost SEO: Roth conversion, Roth IRA, IRA, traditional IRA, RMD, required minimum distributions, Social Security taxation, Medicare IRMAA, widow’s penalty, SECURE Act 10-year rule, retirement planning, annuities, guaranteed income, tax diversification, Roth conversion strategies, retirement income planning, tax-free growth.