Coronavirus: Time to Convert to Roth?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 2 May 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is now a good time to consider converting a traditional IRA to a Roth? Easily the most common question we've been getting the last eight weeks or so. Short answer, yes! But it also depends on your specific situation. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronne virus Market update.
0:08.0	It is Saturday, May 2nd.
0:10.5	I cannot believe it's May. I mean in a weird way time has stood still and yet for me at least and for Mark we're sort of in this I guess
0:21.1	this is the eighth week mark is, eighth or ninth week where we've been at home and doing remote shows.
0:28.0	It's unbelievable.
0:30.0	When's the last time we were in the studio, Mark? March 10th was the last time we were in the studio, Mark.
0:32.8	March 10th was the last time we were in the studio.
0:36.0	I believe that March 11th was when they closed
0:38.5	the CBS Broadcast Center.
0:40.9	And here we are. May 2nd. Okay this is a program that is attempting to help you through
0:47.4	this virus at least as it pertains to your money and so if you have a financial question, send us an email.
0:55.3	Ask Jill at Jill on money.com.
0:58.6	Toby's subject line is the bottom.
1:02.2	Okay, message. Do you think we've already hit the bottom. Okay, message.
1:04.0	Do you think we've already hit the bottom and are coming out of it or are we looking at another
1:08.2	dip or two?
1:09.4	Will it look more like a W?
1:11.4	How will we know for sure when we have hit the final bottom?
1:14.8	I don't want to jump back in until then.
1:19.0	Well, here's a good news and the bad news.
1:21.5	Toby, I have no idea, and that's the good news because nobody has any idea.
1:25.6	So if you're talking about when to get back into the stock market, I don't know.
	...

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