Episode 218: 6 Reasons NOT To Do A Roth Conversion

We all know that David likes Roths as a good vehicle for retirement and inheritance. But today we’re going to dive into why someone shouldn’t do a Roth conversion. Whether that’s based on the timing or circumstances, there are a few reasons a Roth conversion might not be the right fit for you.

 

Here are six reasons why you might not want to do a Roth conversion:

• I can’t stomach paying my taxes early. (2:19)
• I can’t believe Roth IRAs will always be tax-free. (4:07)
• Maybe I should wait until future tax policy becomes clear. (6:39)
• We give a lot of money to charity each year. (9:12)
• What about IRMAA? (11:12)
• Will a Roth conversion affect the tax on my Social Security? (14:10)

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.