Ep. 28 – Roth Conversion – When and How

Is a Roth IRA right for you?

Many people want to know whether they should put their money into a traditional IRA or a Roth IRA, and which will serve them better in the long term. However, it’s important to understand the differences between the two and how your future financial plans can help you decide.

Roth IRAs and conversions are a popular topic for those approaching retirement, so in this episode of our Retirement In Action series, we explain their whys, whens, and hows. Listen in to hear why a Roth IRA might be more beneficial for you, when to do a Roth conversion, and how you can begin the process.

In this episode, find out:

• The differences between a Roth IRA and a traditional IRA
• What is an RMD, and how it applies to a traditional IRA
• Which option suits your future tax bracket
• How conversion and contribution differ
• When you should do a Roth conversion
• The step-by-step Roth conversion process

Tweetable Quotes:

“A Roth conversion makes a lot of sense if you’re in a low tax bracket” – Radon Stancil

“A very quick difference between a traditional IRA and the Roth is that the Roth is tax-free” – Murs Tariq

Important Links & Mentions

• Text our hotline: 984-207-1753

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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