6 (Common) Roth Conversion Mistakes to Avoid!
Roth conversions are a powerful tax savings tool for many retirees. There are many reasons to do Roth conversions:
- Pay less tax now compared to the future
- Minimize future RMDs
- Avoid future IRMAA surcharges
- Help avoid the Widow's Tax Trap
- Leave tax-free assets to heirs
But mistakes can be made when doing these conversions. In this episode, Jacob shares 6 common Roth conversion mistakes to watch out for.
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Want help with your retirement plan?👇🏼
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#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
***Help me make the show better in 2024. Fill out this quick survey!
Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com
Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
