34 min listen
3 (More) Reasons NOT to Do Roth Conversions
3 (More) Reasons NOT to Do Roth Conversions
ratings:
Length:
20 minutes
Released:
Jul 12, 2023
Format:
Podcast episode
Description
Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion. The 5 reasons shared were: 1️⃣ - Shadow taxes 2️⃣ - No undo button 3️⃣ - Lack of cash flow to pay the tax bill 4️⃣ - You just don’t want to :) 5️⃣ - Future charitable giving goals Today I'm sharing three (more) reasons not to convert + why it might be ok to leave money in your pre-tax IRA. Roth conversions can be a wildly beneficial tax planning move for the right person... ...but they aren't a "no-brainer" for everyone. If you want to learn more about situations when converting money to a Roth IRA does NOT make sense, today's episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ? Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ? Check Out My New Book: More Than Money ✏️ Grab the Episode Show Notes ? Get Your Free Retirement and Tax Analysis
Released:
Jul 12, 2023
Format:
Podcast episode
Titles in the series (100)
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