Because of this, it is important to consult with a tax expert or cpa to make sure that a roth conversion, and the amount converted, are beneficial. Let's look at two couples who approached roth conversions very differently Michael mueller, a senior financial planner at smith + howard wealth management, llc, outlines an effective way for investors to take advantage of market downturns to convert traditional.
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If most of your retirement funds are invested in assets that would trigger taxes on distribution — such as growth stocks or a 401 (k) plan — a roth conversion may provide some flexibility later in life.
Our senior wealth planner, michael mueller, cfp® covers a roth ira conversion strategy in this recent article.
Have you been tempted to jump on the roth ira conversions bandwagon Check out the pros and cons to see if they make sense for you. An unpredictable income, such as from commissions and bonuses, can make roth conversions riskier in terms of tax liabilities in a given year Want to get insights right to your inbox
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