Roth Conversion: In-Depth Analysis
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 28 January 2010
⏱️ 54 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos. Retirement, |
| 0:06.8 | investing, taxing. You've got financial questions. He's got financial answers. It's Brian Preston, |
| 0:14.0 | the money guy. Welcome, money guy. Listen, this is your host, Brian Preston. We've got a good one |
| 0:19.1 | for you today because I don't think you can walk around if you're a financial person and not have |
| 0:24.8 | somebody ask you about Roth IRA conversions and are they right? I think that's primarily because |
| 0:30.5 | there's a big media push going on right now by the big wirehouses banks and others that are |
| 0:36.2 | saying you've got to do this Roth conversion because 2010 is a unique year, which it is. And I'm not |
| 0:41.8 | taking anything away from it. But when I've had a lot of discussion about this, we want to make |
| 0:46.3 | sure we had everything figured out before or most of the things that we can figure out kind of |
| 0:52.0 | tie down before we brought this show to you. So we're going to try to be your source for all the |
| 0:56.8 | information you need to know if you need to look at doing the Roth conversion for you and your |
| 1:01.5 | family. Now, as I mentioned, this is Brian Preston, your host. I am a certified public accountant, |
| 1:07.0 | certified financial planner and a personal financial specialist. And by day, this is not actually what |
| 1:12.4 | I do for living. By day, I'm actually a fee only wealth manager on the south side of Atlanta. |
| 1:17.5 | And this is our own little Frankenstein project that we've just started doing these podcasts |
| 1:22.2 | a number of years ago and they just kind of taken a life of their own and grown and grown and grown. |
| 1:26.7 | And part of that evidence of that growth is now I have an associate that helps me out with the show |
| 1:31.4 | and I'm crazy enough to give him a microphone. I've got my associate Bo Hanson who also joins me. |
| 1:36.4 | And I know Bo, you've been really excited about doing these Roth conversion discussions. |
| 1:39.8 | I have been because you know, a lot of people ask me, well, what's the deal with this Roth |
| 1:44.2 | conversion? And honestly, up until the past few weeks, it's kind of been, well, you know, |
| 1:49.6 | this is what they're saying, but we don't have a ton of information about it. We need to figure it |
... |
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