Encore Episode: 3 Reasons for Roth Conversions
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 28 November 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Today we're bringing back one of our most downloaded episodes: The Three Reasons for Roth Conversions.
We released this back in May of 2023 and it's already shot up to be one of the most listened-to episodes we've ever recorded. That's really no surprise because Roth conversions have become a hot topic, and for good reason too. After paying taxes for all the years you've worked, who doesn't want to try to reduce the taxes they'll pay in retirement? But…a Roth conversion doesn't make sense for everyone and after reviewing hundreds of Roth conversion plans, we've observed three primary reasons why a Roth conversion may be beneficial. In this episode, we'll explore each of these reasons.
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Transcript
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| 0:00.0 | Hey everyone, welcome to the Big Picture Retirement Show. I'm your host, Devin. And for the next few |
| 0:04.5 | weeks, we're going to be bringing back some of our most downloaded episodes. Our show has seen |
| 0:10.2 | tremendous growth this year, and we know that there are probably some really good episodes |
| 0:15.5 | that some may have missed. And even for those of you who are diehard listeners and you've listened to every |
| 0:22.3 | episode, some more than once, give these another listen and you'll probably hear something that |
| 0:27.8 | you didn't pick up the first time. You know, John and I have been hard at work getting ready for |
| 0:32.4 | 24 and we have some fantastic episodes that we can't wait to record. |
| 0:38.5 | Here's a few of the topics just to give you a sample of what we're working on here. |
| 0:42.7 | One is what no one tells you about retirement. |
| 0:46.6 | This is based on some research that we've done as well as some surveys |
| 0:51.4 | where we've had over a thousand respondents come in and tell us, |
| 0:55.2 | hey, these are the things that we didn't expect about retirement. |
| 0:59.8 | Another one is the tax benefits of investment location. |
| 1:04.6 | Now, this one is really interesting, and we put two couples together who had identical assets and identical incomes coming out of those |
| 1:14.0 | assets and yet one paid $7,500 less per year on average in taxes. And how do they do that? Well, it was all |
| 1:24.7 | about those hidden tax benefits of investment location. And then we're talking |
| 1:29.6 | about something that it's going to fire some folks up. I know it's going to make some people mad, |
| 1:34.3 | but we're talking about the three reasons you should use a flat fee financial advisor. And I'll save the |
| 1:42.8 | juice in that for when we release the episode and then finally one of the |
| 1:47.8 | last things that we're working on is the estate plan checklist this is one where john's going to |
| 1:53.9 | go down piece by piece and talk about exactly what you need to check off to make sure your estate |
| 2:00.7 | plan represents what you want it to do. |
... |
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