Should You Convert to a Roth IRA?


To begin the show David shares a quick story about racing bicycles. In one race, he crashed and had to go to the hospital.

Think about retirement planning like a wheel on a bicycle wheel. You have spokes on your retirement planning wheel. They are healthcare, estate planning, investments, insurance, income, and taxes. We want all these spokes to be true and working properly.
We often relate retirement planning to a wheel. You want to aware of what is going on with each of your spokes so you can anticipate potential problems or to ensure things are right.
In this show I’ll explain a report we offer that illustrates how much you are projected to pay in taxes on your qualified money like your 401k or IRAs. The report shows if it will be beneficial or not to do a Roth Conversion. He’ll tell you how you can get this free report. Better to be proactive than reactive. He’ll explain how Roth IRA conversions may be a proactive move for you.

Article mentioned linked here

Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program. Roth IRAs offer tax free income if distributions are taken after age 59-1/2 and the account has been open for at least 5 years. When converting funds to a Roth IRA, ordinary income taxes are due on the amount converted in the same year, and ideally should be paid with funds outside of the retirement plan. 660184-07/20

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