My 2024 Roth Conversion: Why I Ignored the Calculators
Why do a Roth conversion? Tax-free growth and withdrawals! Plus, no required minimum distributions in retirement. But watch out—those Roth Conversion Calculators can be misleading! They often miss crucial details like your unique tax situation and potential future tax changes. See how I did it...
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0:00 - Overview
0:37 - Convert IRA to Roth
3:50 - Why people in their 60s and 70s are making more income
4:25 - The calculator Matt is using to convert
5:14 - Three factors in the calculator
10:15 - Another lesson about Roth
11:35 - Tips when using the conversion calculator
11:56 - Final thoughts
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