Roth conversions aren't always the best investment option for everyone, but for these five types of people, they almost always are. In this episode of Joe Knows Retirement, Joe discusses five types of people who will nearly in all cases benefit from doing a Roth conversion. From people with over $1 million in tax-deferred investments to people who have a pension, Joe shares about the unique opportunity they have in this video.
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Timestamps:
00:00 Intro
01:47 What is a Roth conversion?
03:36 Person 1. Someone who is retired with no income and no social security yet
07:11 Person 2. Someone with at least $1 million in tax-deferred investments
12:11 Person 3. Someone with a pension
14:15 Person 4. Someone in a marriage where there is a big age gap or a spouse in bad health
15:45 Person 5. Someone who expects their children to be in a higher tax bracket
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