What’s the Break-Even on a Retirement Roth IRA Conversion?

Today on Your Money, Your Wealth® podcast episode 249, Joe Anderson, CFP® and Big Al Clopine, CPA answer your money questions: How do you figure out the break-even point on a Roth IRA conversion? The fellas discuss whether to convert, how much to convert, and when. Plus, the step-up in basis on a primary residence, self-employed small business retirement plan options, the difference between a financial advisor and financial planner, and defining a registered investment advisor and broker-dealer. Send in money questions, read the transcript & access free financial resources: http://bit.ly/YMYW-249

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00:00 - Intro
00:39 - I’ve Maxed Out My 401(k). Can I Contribute to a Roth IRA or Roth 401(k)?
04:25 - Should I Make a Roth Conversion at the End of the Year or Contribute to a Roth 401(k)?
11:14 - What’s the Break-Even for a Roth Conversion?
20:58 - I’m a Widow. How Do I Apply For Step Up in Basis on a Primary Residence?
24:38 - How Can We Contribute to Our Roth IRAs?
27:55 - Self-Employed Small Business Retirement Plan Options
37:51 - What's the Difference Between a Financial Advisor and Financial Planner? What are Registered Investment Advisors (RIA) and Broker-Dealers?

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