Episode #41: 4 Reasons Why You Might Benefit From Roth Conversions

Have you considered doing a Roth conversion? Or did you even know they were an option? Here are four reasons to consider a Roth conversion and how they might fit in your tax strategy in the future.

Check out full show notes for this episode by clicking here. 

Today's rundown:

1:05 - What is a Roth IRA, again?

2:58 - Reason #1: All conversions come out tax-free.

6:42 - Reason #2: Unlike an IRA, there are no RMDs.

8:01 - Reason #3: Roths can be inherited tax-free by heirs.

9:40 - Reason #4: Distributions from your Roth do not cause your Social Security to be taxable.

11:58 - When’s the right time in life to do a Roth conversion?