Roth Conversion Overload: Is It A Mistake?
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There is a lot of talk about Roth conversions for folks entering retirement. Heck I talk about Roth conversions a lot in my videos. But like most things in financial planning - one size doesn't fit all. I'll break down two examples of Roth conversions that will actually increase the amount of taxes paid in the video today.
0:00 Why Roth IRAs are gaining popularity
1:33 Example # 1: Mike and Sally the Super Savers
3:19 Mike and Sally's Conversion Plan
5:35 Example # 2: Jim and Sally
6:18 Jim and Sally's Conversion Plan