The Top 6 Reasons to Do a Roth Conversion
Description
Today’s episode looks at the top 6 reasons why doing a Roth conversion may be the right move for you.
The disastrous fiscal condition of the U.S. is the first reason why you should consider doing a Roth conversion.
David explains why debt in and of itself isn’t the issue – and what the real problem with it is.
Doing a Roth conversion with today’s low tax rates can be a way for you to shield your retirement savings from the impact of higher taxes down the road.
Not sure what tax rates could double in your lifetime? There’s still a possible scenario in which your tax bracket could double.
David touches upon the “widow penalty”, the tax bracket compression, and what the IRS tracks to determine whether they’re going to tax your social security.
The so-called IRMA and the lack of required minimum distributions are two additional reasons to consider doing a Roth conversion.
Mentioned in this episode:
David’s upcoming book: The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
Comeback America: Turning the Country Around and Restoring Fiscal Responsibility by David M. Walker
United States
