At the end of the day, the most successful strategies are the ones that you consistently implement.

And if every time a Roth conversion comes up, you have this pit in your stomach and you wish that it would just go away, then maybe this isn't the right strategy for you.

Welcome to the Stay Wally Podcast. I'm your host, Taylor Schulte. And today I'm talking about Roth conversions.

But instead of talking about why they're so great and why you should rush oute, and today I'm talking about Roth conversions, but instead of talking about

why they're so great and why you should rush out to implement them, I'm leaning on one of the

sharper CPAs that I know, Stephen Jarvis, to help us talk through the five reasons why you

might not do them. Because while Roth conversions can make a giant dent in your retirement

tax bill, there are some

important, often overlooked things that might make you pause.

And taking those things into consideration can be a good place to start when considering

this tax strategy.

So if you're ready to learn why you might take a pass on Roth conversions, today's

episode is for you.

For the links and resources

mentioned today, just head over to you staywealthy.com forward slash 145. Let's start with the basic.

So in plain English, what is a Roth conversion? And why is this strategy so popular with those that are in retirement or even getting close to retirement?

A Roth conversion is moving money from pre-tax to after-tax is usually the simplest way to think about it.

Most people are more familiar with what we like to call traditional IRA, which is I got to

put money in an account before I paid taxes on it. But the IRS is only so patient. And so eventually

they're going to come back and say, why don't you go ahead and give us some piece of that pie so that we

can have our share. Roth, on the other hand, once dollars are in a Roth account,

they're after tax, the money you put in as well as any growth stays tax-free. And so I think

...