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Money Guy Show

Roth Conversion: In-Depth Analysis

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 28 January 2010

⏱️ 54 minutes

🧾️ Download transcript

Summary

Well here it is; we finally did it. You have been writing, calling, and asking for us to explain and go through the nuts and bolts of the Roth conversion and why 2010 is such an important year. You can't really turn on any financial media or read any financial literature and not come across something that at least mentions or alludes to the this planning opportunity. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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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