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Ready For Retirement

At What Point Should I Consider Making Roth Conversions?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 13 April 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

Our topic on this episode of the Ready for Retirement podcast is about understanding when it makes most sense to consider making Roth Conversions. Questions answered: When should I consider a Roth Conversion? What are the pros & cons of a Roth Conversion? What is the best approach for my individual situation? Are you ready to start focusing on the things that truly matter when it comes to your financial future? LET'S CONNECT! FacebookLinkedInWebsiteENJOY THE SHOW? Don't miss an epis...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.6

It all starts right here on Ready for Retirement. for retirement.

0:27.2

Hi, everyone.

0:29.4

Welcome to another episode of Ready for Retirement.

0:30.7

I'm your host, James Cannell.

0:33.7

I want to start off today's episode, just like I did last time.

0:37.5

Appreciating those of you who left reviews and wanted to highlight a recent review from Devo 1466, who says, remember the 80-20 power law. If you only have time to listen to one

0:43.0

financial podcast, this is it. Cut to the Chase Financial Wisdom. Thank you, Devo, 1466. I appreciate

0:49.4

that feedback and appreciate everyone who has left to review. If you've not done so already,

0:53.7

just would love to see that if you can.

0:55.8

Love getting more reviews. Love seeing what you have to say. Love getting the opportunity for more people to find the show.

1:01.3

It's growing week over week and it's really exciting to see how many people are finding value.

1:04.9

So I appreciate those of you who are sending me emails or reaching out and just letting me know how much value you've gotten out of the show, it really means a lot to me and happy to do so. Really enjoy getting to do this and really enjoy

1:15.1

getting to hear your feedback or experience your feedback when you reach out to me. So thank you

1:19.6

for those of you who have done that. Today, the topic of today's episode is really part two of a

1:24.1

question that a listener asked last week. So last week we went through a listener

1:27.8

question. If you haven't listened to it, you can go help back. Listen to that to see what the

1:31.3

question was, but this was part two, but it was different, and I thought it would be useful to have a

1:35.7

separate episode entirely devoted to this. Here's the question. The question says, you seem to be a

1:41.1

big Roth IRA fan. We have four IRAs at 811,000, 1,375,000, 365,000, and 65,000.

1:52.8

At what point or in what order and why would you consider converting them to Roths or Roth IRAs?

...

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