One of the top concerns for the clients we serve is related to taxes in retirement. They’ve worked hard to get to this point where they could even think about retiring, but then realize that the more they pay in taxes, the less money in their pocket to enjoy life and ultimately leave to their kids or beneficiaries.
After all, the federal government has shown that they have been a pretty poor money manager, leading us to a $36T deficit and counting.
Naturally, deciding on whether or not to convert funds from a tax deferred IRA or 401k to a ROTH IRA is a big deal.
In this episode, we’ll talk about 7 reasons you may want to delay, reduce, or even avoid Roth conversions altogether.
As always, everyone’s situation is unique, so please consult with your own tax professionals before making any changes! This is for educational purposes only.
I hope you find it helpful.
~ Kevin
Resources Mentioned:
- Senior Citizens Tax Elimination Act
- Episode 10: 6 Reasons to Take Advantage of Roth Conversions
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This is for general education purposes only and should not be considered as tax, legal or investment advice.
