In This Video:

If you’re considering a Roth conversion, taxes are likely the first thing that comes to mind. Most people wonder what tax bracket they’re going to convert to and what they’ll end up owing in the year they make the conversion.

Things to Consider:

While the tax piece of this is extremely important, we’ve found is that there are three factors people need to consider before making any final decisions. It’s easy to forget about these factors but it could potentially lead to higher Medicare premiums, capital gains tax, or penalties for accessing your money. Join us as we dive into the complexities of Roth conversions, shedding light on the often-overlooked elements that can affect your retirement planning.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:00 – Medicare IRMAA

6:03 – Capital Gains

11:24 – 5-year rule

Watch our video on 5 Roth Conversion Mistakes

Should I do Roth Conversions with $2 Million in Retirement Savings?

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