3 Reasons to Perform Roth Conversions in 2021, 2022, and Beyond

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Roth conversions are one of the most powerful tax strategies available to retirees right now. That is if you know how to maximize this strategy.

Right now, we are seeing a lot of information in the media regarding conversions. However, this also means we are seeing a lot of misinformation around conversions as well.

In our practice, there are three core reasons we believe you should perform Roth Conversions when they make sense for your situation.

#1: Avoid Tax Hurdles

We discuss quite a few in this video:
✅ The Social Security Tax Torpedo
✅ Minimize RMDs (Required Minimum Distributions)
✅ Avoid income related monthly adjustment amount (IRMAA)
✅ Avoid the Capital Gain Bump Zone
✅ and more...

#2: Ensure Other Retirement Accounts are more Valuable

Most assets you have will benefit from having less taxable income. Social Security can turn in a tax-free asset! Rental Income can fill up low and insignificant tax brackets.

Unrealized gains in your brokerage account can be realized at a 0% rate.

Roth conversions, if done properly can transform your retirement tax situation.

#3: Defend Against Future Tax Hikes

Most retirees that I speak with are concerned about future tax hikes. And understandably. The national debt may indirectly be one of the biggest wealth destroyers in the future.

Learn how to defend against future tax hikes with Roth Converisons in this training.

#RothConversions #RetirementIncomePlanning #TaxStrategies

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