"Should I Make a Roth IRA Conversion?"
MP3•Episode home
Manage episode 273151183 series 2796729
Content provided by Lon W Broske, CFS®, CFP® and Lon W Broske. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lon W Broske, CFS®, CFP® and Lon W Broske or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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.
20 episodes