067: How Roth Conversions Help Reduce Income Taxes in Retirement with Nick Nelson

Retirement Road Map

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6M ago 42:47

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If you’ve been following the podcast, you’ve likely heard us talk about Roth conversions many times. At SHP, we use Roth conversions as a tool on a daily basis.

But it occurred to us, a lot of our listeners might not fully understand what it means or might not be aware of the pros and cons to completing a Roth conversion. So we decided to dedicate a full episode on this very topic today.

In this episode, Matthew Peck is once again joined by Nick Nelson, VP of Advisory Solutions at SHP Financial. Together, they'll cover all the basics and the ins and outs of why Roth conversions are such an important tool that we use in our financial planning process.

Matt and Nick dive deep into the mechanics of a Roth conversion, who benefits the most from them, and when the best time for a retiree or pre-retiree should consider a Roth conversion to minimize taxes in retirement.

In this podcast interview, you’ll learn:

What money gets converted when moving into a Roth IRA.
Key factors to consider before doing a Roth conversion.
How a Roth conversion potentially creates additional flexibility down the road.
The best time to consider a Roth conversion.
When the Tax Cuts and Jobs Act (TCJA) will expire and what that means for investors.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

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