Retirement Starts Today Radio

Retirement Rewind: It’s Roth Conversion Season, Ep #170

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Sinopsis

What would happen if you go over your tax bracket by $1 when doing a Roth IRA conversion? On this Retirement Rewind episode, we’ll explore the best way that you can take advantage of the current tax cuts and get the most out of your money. What will Roth conversion season mean for you? Listen in and find out! Outline of This Episode [1:22] Why do we wait so long to convert our Roth IRA’s? [3:44] What happens if I go over my tax rate? [6:40] What about Medicare? [13:15] Why are Roth IRA conversions such a big deal? [15:48] How do Duane’s earnings this year affect his Medicare premiums? [17:15] Should Don put 100% of his portfolio in stocks? Why should you wait until the end of the year to convert your Roth IRAs? It’s a good idea to wait until the end of the year to convert your IRAs into a Roth. This is because you’ll have a good idea as to how much you will earn during the year.  The reason that you’ll want to wait until the end of the year to make a Roth conversion is to understand how much you’ll be makin