3 (More) Reasons NOT to Do Roth Conversions
Stay Wealthy Retirement Podcast · Taylor Schulte, CFP®
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Show Notes
Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion.
The 5 reasons shared were:
1️⃣ - Shadow taxes
2️⃣ - No undo button
3️⃣ - Lack of cash flow to pay the tax bill
4️⃣ - You just don't want to :)
5️⃣ - Future charitable giving goals
Today I'm sharing three (more) reasons not to convert + why it might be ok to leave money in your pre-tax IRA.
Roth conversions can be a wildly beneficial tax planning move for the right person...
...but they aren't a "no-brainer" for everyone.
If you want to learn more about situations when converting money to a Roth IRA does NOT make sense, today's episode is for you.
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