We’ve published a lot of content that highlights how Roth conversions can be a helpful tax planning strategy for someone who is preparing for or going through retirement. However, Roth conversions aren’t for everyone. There are also reasons not to convert to a Roth IRA.
Timestamps:
00:00 – Introduction
01:49 – The 5 Reasons Not to Covert to a Roth IRA
04:43 – 1. You Think Your Tax Rate Will Be Lower in the Future
06:47 – 2. Your RMDs Won’t Force You Into a Higher Tax Bracket
10:05 – 3. You’re Planning to Make QCDs
12:04 – 4. You Don’t Have the Money to Pay the Tax
16:19 – 5. Life Expectancy
20:49 – What We Learned Today
Roth Conversion Case Studies: https://bit.ly/4avIISG
Become a Rothaholic: https://bit.ly/3wLqQp0
Tax Rates Sunset in 2026: https://bit.ly/3wBryW1
Financial Planning Tool: https://bit.ly/4bqy0hJ
Meet with Us: https://bit.ly/4azw0lT
Maximizing In-Plan Roth Conversions with Mary James: https://youtu.be/4IH9AJ9GajI
Roth Conversion Questions from the Internet: https://youtu.be/65uerfp0DdU
What Is a QCD?: https://youtu.be/vpdl1ZUlcNc
Taxes on Retirement Income: https://youtu.be/I9UUlenPT8Y
What is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE
Examining Municipal Bonds in 2024: https://youtu.be/y3M7jdSxNY8
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Investment advisory services offered through Modern Wealth Management, LLC, an investment adviser registered with the SEC.
The views expressed represent the opinion of Modern Wealth Management an SEC Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.