Jill on Money with Jill Schlesinger Is Now the Time for Roth Conversions?
Feb 13, 2025
Considering Roth conversions? Discover how they can significantly impact your tax strategy, especially for those with hefty retirement accounts. Explore the complex world of trust management and succession planning, with practical answers to listener questions. Learn about innovative ways to navigate personal finances through smart investment strategies and risk management. Plus, dive into the evolving landscape of real estate investing, with a focus on accessible options that bring diversification to investors.
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Roth Conversion Advice
- Consider slowly converting your 457 plan to a Roth, especially if you have outside funds.
- Convert after retiring from part-time work for potential tax bracket reduction.
Successor Trustee Advice
- Consult your financial advisor or a local bank about successor trustee options.
- Consider a younger family member to administer the trust.
Investment Advice for Risk-Averse Individuals
- Address risk aversion by adjusting asset allocation (stocks vs. bonds).
- Dollar-cost average to avoid market timing fears.