In This Video:

Roth conversions can be a great strategy to help you reduce your tax liability and keep more of your retirement savings. But with any tool in financial planning, there are mistakes that people make with Roth conversions that could end up causing tax penalties or increased Medicare premiums.

Things to Consider:

In this video, Scott will break down the five most common Roth conversion mistakes that can sabotage your retirement savings. That way you can keep more of your money and enjoy the benefits of tax-free income in retirement.

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

0:00 – Intro

1:53 – Mistake #1 – Converting everything at once or too much in 1 year

6:55 – Mistake #2 – Converting when your takes are going to go down in retirement
7:39 – Mistake #3 – Converting past Medicare IRMAA thresholds

9:56 – Mistake #4 – Tax Mistakes he tax mistakes.

13:20 – Mistake #5 – Converting too early in the year

Learn more about Roth conversions:

Roth Conversions – https://youtu.be/pUA4Boxu_58

Get your free guide to unlocking hidden tax savings: https://maxretirementshow.com/taxes/

Get Your Free Guide to Social Security Benefits: http://maxretirementshow.com/socialsecurity

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