Roth Conversions Part II: When is a Roth Conversion Worth It? (Retirement Planning!)

This week's live will pick up from last week's topic: Roth Conversions.

Last week I explained what a Roth conversion is and why they are the ultimate in delayed gratification! Why is this the case? Because whatever you convert will cost you in taxes NOW. You do a conversion because you know the prepayment of retirement taxes will be worth it in the future.

This week with when you should think about utilizing this strategy. Because Roth conversions can cost you money in taxes today, you want to be strategic about when you implement this financial tactic.

Remember, Financial Freedom is found through Discipline 👏

01:42 – Stream starts

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Timestamps:
01:42 – Stream starts
04:02 – What is a Roth IRA (quick summary)
06:42 – What is a Roth conversion
07:39 – Roth conversion tax example
11:05 – Traditional IRA vs Roth IRA tax example
14:22 – Roth conversion: when is a good time to convert for taxes?
19:10 – Sneak peek at next week: AI financial planning?

#rothira #rothconversion #retirementplanning