When NOT to Do a Roth Conversion: 5 Critical Red Flags

The Retirement Show: Your Life, Your Money with Scott Sierens

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18d ago 15:37

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We talk a lot about taxes because they’re going to be a huge expense for you in retirement, which is why many people ask about Roth conversions. It’s a strategy that could potentially save you money in retirement, but the truth is that Roth conversions aren’t for everyone and could actually cost you money. In today’s show, we’ll walk you through the five reasons why it might not make sense for you to do a Roth conversion.

Here’s some of what we discuss in this episode:

📊 Consider future tax rates and income projections before making the move

⏳ The timing of a conversion could make or break your strategy

💸 Understand the impact of RMDs and how they affect your retirement income

🧑‍⚖️ Medicare premiums can be higher if your conversion pushes you into a higher bracket

See the chart we discussed here: https://www.fidelity.com/learning-center/personal-finance/history-us-income-tax

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