Year-end Roth Conversions

Equipping Points:

As we start to close out 2022, what are the things we should be doing with our finances? Is now the time to do a Roth conversion? Depending on your situation, you may want to consider it before the ball drops on New Year’s Eve. Eric explains how a Roth conversion works, the benefits, and why you’ll want to talk to your advisor about whether you should do one right now.

Here’s what we talk about in regard to Roth conversions:

  • Why you should consider a Roth conversion and what it is. (2:38)
  • What the limits are and why a conversion benefits high-income earners. (4:30)
  • Avoid making these common Roth conversion mistakes. (5:43)
  • Act wisely and have a tax analysis. (7:09)

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

Today’s Takeaway:

Related Episodes:

Financial Advice from Seinfeld

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