#137 - 7 scenarios where it might be beneficial to do Roth conversions

Retirement Planning Education, with Andy Panko

Andy discussed seven common scenarios where it might be beneficial to do Roth conversions:

1. You know your income now is much lower than it will be in the future
2. You're married (and may eventually be single)
3. You have large pre-tax accounts
4. Your eventual heirs are likely to be in higher tax situations than you currently are
5. Your plan on moving to a state that will have higher income taxes than your current state
6. You're convinced tax rates will increase markedly in the future
7. You want greater tax "diversity" amongst your investable accounts

Links in this episode:

• Tenon Financial newsletter summarizing the 7 potential Roth conversion scenarios - here

• Tenon Financial monthly e-newsletter - Retirement Planning Insights
• Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
• YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
• Retirement Planning Education website - www.RetirementPlanningEducation.com

To send Andy questions to be addressed on future Q&A episodes, email [email protected]