Last year, I published an episode titled Five Reasons Not to Do a Roth Conversion.

In short, the five reasons shared were, number one, shadow taxes, things like Irma surcharges

and the premium tax credit.

Number two, there's no undo button.

So unlike contributions, you cannot undo a conversion.

Number three, you lack the cash flow to pay the tax bill. Number four,

you simply just don't want to do a conversion. And number five, you have future charitable

giving goals. Roth conversions are all the rage with retirees. Just about every retirement podcast,

newsletter, blog, YouTube channel has content dedicated to this magical tax planning strategy,

including this podcast right here. And look, I love Roth conversions. I think they can be wildly

beneficial for the right person. But they're often talked about like they're a no-brainer,

and anyone with pre-tax assets should be converting them to Roth and those who don't are making a

big mistake.

Barron's recently wrote an article titled Roth IRA conversions, the best tax move you can make

right now. NerdWallet wrote one titled, Roth conversion ladders can combat inflation.

And then CMBC chimed in with another one that said, now is the perfect time for

young investors to do a Roth conversion. While Roth conversions can be a great tax move and could

be fitting for some young investors, the decision to convert isn't nearly as simple as these

headlines often suggest. This strategy isn't a magic

bullet or a no-brainer for everyone. There are a lot of things to take into consideration, a lot of

moving parts, and a lot of nuances. Skipping Roth conversions altogether likely will not break

your financial plan. On the other hand, incorrectly pursuing them could create a massive tax drag on

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