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✅ When Does It Make Sense to Say “Yes” to a Roth Conversion? Money Not Math – Episode 168
Roth conversions can be a powerful tax planning tool—but they’re not right for everyone. In this episode, we explore five situations where a Roth conversion might make sense, including:
✔ A lower-than-normal tax year
✔ Expecting tax rates to rise
✔ Having a long-time horizon before needing funds
✔ Reducing future Required Minimum Distributions (RMDs)
✔ Lowering the tax burden for your heirs
We’ll also walk through a hypothetical example of a couple retiring at 65 with $1M in a Traditional IRA with Social Security income to show how these factors can play out in real life.
#RetirementPlanning #RothConversion #TaxPlanning #MoneyNotMath #FinancialEducation #RetirementReady #TaxSmart #EmptyNestPlanning #WealthManagement #FinancialConfidence #RetireConfidently #5StoneFinancialGroup
Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. I am a licensed fiduciary financial advisor and not a CPA.
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By Drew Erickson
5
11 ratings
Roth conversions can be a powerful tax planning tool—but they’re not right for everyone. In this episode, we explore five situations where a Roth conversion might make sense, including:
✔ A lower-than-normal tax year
✔ Expecting tax rates to rise
✔ Having a long-time horizon before needing funds
✔ Reducing future Required Minimum Distributions (RMDs)
✔ Lowering the tax burden for your heirs
We’ll also walk through a hypothetical example of a couple retiring at 65 with $1M in a Traditional IRA with Social Security income to show how these factors can play out in real life.
#RetirementPlanning #RothConversion #TaxPlanning #MoneyNotMath #FinancialEducation #RetirementReady #TaxSmart #EmptyNestPlanning #WealthManagement #FinancialConfidence #RetireConfidently #5StoneFinancialGroup
Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. I am a licensed fiduciary financial advisor and not a CPA.