04.28.25 Prime Time For Roth Conversion / The Return of Big Bank Fees

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 28 April 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, Clark - Man From Roth, talks about why now might be the best time to do a Roth conversion. Also - why big bank fees are back and how you can prevent getting your wallet pinched in this way. Roth Conversion: Segment 1 Ask Clark: Segment 2 Beware Bank Fees: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Clark.com - The ROTH IRA & 401(K) Retirement Calculator: With Social Security and Pension How Often Should You Re-Shop Insurance? How to Shop for Lower Car Insurance Best Free Checking Accounts // Best Savings Accounts High-Yield Savings Account Calculator Automatic Bill Pay: How It Works and How To Do It Safely Best 529 College Savings Plans By State Should I Contribute to a 529 Plan Only To Roll It Into a Roth IRA Later? Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm making a robot head with an Amazon box.
0:03.0	I've painted it silver and Daddy helped me make it.
0:05.0	At Amazon, we're actually using paper bags for more of our deliveries.
0:08.0	And now I'm making a paper hot air balloon
0:11.0	and I even made a little brown basket
0:13.0	and I'm making a dog that looks just like Monty.
0:16.0	Just one of the ways we've reduced the weight of our packaging by more than 40% since 2015,
0:20.0	which is still good for playtime.
0:22.6	Mom, where's the scissors? To learn more, visit about amazon.com.com.com
0:28.3	at UK forward slash sustainability. It's great to have you here with us on the Clark Howard Show.
0:38.0	You know, our mission is to serve you with advice and information that empowers you
0:42.8	so you make better financial decisions in your life.
0:47.1	And, you know, I've been accused, actually self-proclaimed.
0:50.9	I'm the man from Roth.
0:53.2	But all kidding aside, I want to talk about why right now
0:59.1	is a really good time for you to consider doing what's known as a Roth conversion. I'm going to
1:05.7	tell you what that means. And also, you got to know something.
1:21.9	There are some new fat fees maybe on the way to your bank or credit union account or bank or credit union credit card.
1:27.3	It will be really a situation, bank by bank, credit union by credit union, I'm going to make sure you know
1:29.5	what's coming just so you're prepared. So a lot of people have money and traditional IRAs,
1:41.5	and you've heard me talk over and over again, Roth, Roth, Roth, Roth.
1:46.9	So why am I obsessed with the Roth?
	...

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