The Rules for Roth Conversions

Many of us have missed the boat on Roth contributions, but we have another tool to get into Roths: Roth conversions. 

If you have been curious about all the hype about Roths you won’t want to miss this series. This month we dive deeper into Roths. In episode 494 we discussed what Roths are, last week we dove into contributions, and this week we demystify conversions. Listen in to learn how you can use Roth conversions to upgrade your retirement.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT

• [2:44] I try to keep the main thing the main thing
• [3:49] Many of us have missed the boat on Roth contributions
• [7:11] How to perform a Roth conversion
• [8:45] How do you pay the tax on a Roth conversion?
• [14:05] The pros of paying from after-tax assets
• [16:22] The downsides of paying with after-tax assets

LISTENER QUESTIONS

• [19:05] A rule of 55 clarification
• [22:20] What happens if my income is too high to contribute to a Roth
• [23:52] How to create a 5-year cash bucket in down markets
• [30:13] On creating a bond portfolio ladder

BRING IT ON

• [38:12] On relationship building

TODAY’S SMART SPRINT SEGMENT

• [43:09] Get out of your normal routine and meet new people

Resources Mentioned In This Episode

Episode 494 - Roth Opportunity

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center