Roth Conversion - When and How
Is a Roth IRA right for you?
Many people want to know whether they should put their money into a traditional IRA or a Roth IRA, and which will serve them better in the long term. However, it\u2019s important to understand the differences between the two and how your future financial plans can help you decide.
Roth IRAs and conversions are a popular topic for those approaching retirement, so in this episode of our Retirement In Action series, we explain their whys, whens, and hows. Listen in to hear why a Roth IRA might be more beneficial for you, when to do a Roth conversion, and how you can begin the process.
In this episode, find out:
- The differences between a Roth IRA and a traditional IRA
- What is an RMD, and how it applies to a traditional IRA
- Which option suits your future tax bracket
- How conversion and contribution differ
- When you should do a Roth conversion
- The step-by-step Roth conversion process
Tweetable Quotes:
\u201cA Roth conversion makes a lot of sense if you\u2019re in a low tax bracket\u201d \u2013 Radon Stancil
\u201cA very quick difference between a traditional IRA and the Roth is that the Roth is tax-free\u201d \u2013 Murs Tariq
Important Links & Mentions
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Resources:
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