Your Money, Your Wealth When Do Roth Conversions STOP Making Sense? - 535
Ryan in Texas is in the 32% tax bracket. Where should he save for retirement so he’ll be in a lower bracket? Should Weronika in Texas pay the taxes now to convert to Roth for lifetime tax-free growth in the future, even though she’s in the 37% tax bracket? And Jerry in Phoenix wonders if there is a point where Joe would come to the conclusion that Roth conversions no longer make sense? Stay tuned for the 7 reasons to consider NOT converting to Roth, today on Your Money, Your Wealth podcast number 535 with Joe Anderson, CFP® and Big Al Clopine, CPA. First up, a word of Roth conversion thanks from Al in Florida.
Free financial resources & episode transcript: https://bit.ly/ymyw-535
DOWNLOAD The Ultimate Guide to Roth IRAs
Watch The Last 5 Years Before Retirement Will Decide Your Lifestyle - Here's How on YMYW TV
RETIREMENT CALCULATION TOOLS:
EASIRetirement.com (from Boldin, formerly NewRetirement)
ASK Joe & Big Al for your Retirement Spitball Analysis
SCHEDULE your Free Financial Assessment
SUBSCRIBE to YMYW on YouTube
DOWNLOAD more free guides
READ financial blogs
WATCH educational videos
SUBSCRIBE to the YMYW Newsletter
Insult to a Nose (Scene from Steve Martin movie "Roxanne" - warning, language!)
Timestamps:
00:00 - Intro: This Week on the YMYW Podcast
00:44 - Thanks for Suggesting a Roth Conversion During the Market Drop (comment from Al, FL)
03:38 - In the 32% Tax Bracket. Where Should I Save for Retirement to Be in a Lower Bracket? (Ryan, TX)
07:57 - In the 37% Bracket: Backdoor Roth or Non-Roth Investments for Retirement Savings? (Weronika, TX)
12:25 - Watch The Last 5 Years Before Retirement Will Decide Your Lifestyle - Here's How on YMYW TV. Calculate your free Financial Blueprint
13:23 - Is There a Point Where Roth Conversions No Longer Make Sense? (Jerry, Phoenix, AZ)
25:26 - YMYW Podcast Outro