Decoding Roth Conversions: A Deep Dive into Strategies, Myths, and Tax Implications (87)

What The Wealth

Ever wondered how to make your money work better for you by leveraging the power of Roth conversions? Join me, Jonathan Bednar, co-owner of Paradigm Wealth Partners, as we journey through the complexities and benefits of this financial strategy. As a certified financial planner, I shed light on the essentials of liquidity, tax implications, conversion methods, and the best timing for conversions. We debunk the myth of income limitations and examine the impact of required minimum distributions (RMDs) on this strategy.
Dare to venture further with us as we untangle the implications of the Tax Cuts and Jobs Act of 2017 on the aspects of Roth conversions. We'll also delve into the long-term tax benefits of a Roth IRA and take a closer look at the potential future of tax brackets and their influence on the conversion decision. We'll expose the real costs and fees associated with Roth conversions, providing a complete lowdown on this financial strategy. So, if you're looking to make smarter and more effective wealth management decisions, then this episode is your perfect guide. Tune in!

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: What the Wealth / Paradigm Wealth Partners
If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me.
Thanks for Listening!
Jonathan