Guests: Bob Keebler, CPA/PFS

With changes to Roth planning due to TCJA, the SECURE Act, and now the CARES Act and market volatility resulting from COVID-19, it’s important to consider whether Roth conversions would be optimal to help your clients reach their long- term goals. In this episode, Bob Keebler, CPA/PFS, shares the nuances to consider when making decisions on whether to advise clients to convert to a Roth:

Should your clients use their 2020 waived RMD dollars to fill up their lower tax brackets with a Roth conversion?
What are the four principle reasons to convert to a Roth?
How do Social Security and Medicare benefits factor into planning with Roth conversions?
When should you consider life insurance rather than a Roth IRA?
What strategies should you consider if your client is in a state estate tax scenario?

Access the related resources from this podcast:

Visit www.aicpa.org/pfp/proactiveplanning to find charts by Bob Keebler that can help with your Roth conversion decision making.
Visit https://www.aicpa.org/pfp/covid19 to find resources and information about planning during the pandemic.

The episode is brought to you by the AICPA’s Personal Financial Planning Section (www.aicpa.org/pfp), the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice and by the CPA/PFS Credential (www.aicpa.org/pfs) program which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community and gain access to valuable member-only benefits.

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To Roth or Not to Roth in the Current Environment {PFP Section}