Roth Conversion Retirement Spitball Analysis - 375

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 26 April 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does it make sense to do larger “Calvin Johnson” (megatron, aka mega backdoor) Roth conversions when the financial markets are way down? Should you convert to Roth now, or in retirement? How do you spitball the right amount to have in 529 plans for education savings? And are the rules for doing a backdoor Roth the same if you’re married filing separately? Show notes, free financial resources, Ask Joe & Al On Air: https://bit.ly/ymyw-375

Transcript

Click on a timestamp to play from that location

0:00.0	Today on Your Money, Your Wealth podcast number 375,
0:04.0	Joe and Big Al spitball on your Roth conversion, backdoor Roth, and Roth 529 and retirement planning questions.
0:11.7	Does it ever make sense to do larger Calvin Johnson Roth conversions when the financial markets are way down?
0:18.1	Should you convert to Roth now or in retirement?
0:22.3	How do you spitball the right amount to have in 529 plans for education savings? And are the rules for doing a backdoor
0:28.1	Roth the same if you're married filing separately? I'm producer Andy Last and here are the hosts of
0:33.7	your money, your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.
0:39.3	We got, hello, Annie, Joe, and Anna.
0:42.5	Most important, we drive a pair of 2016 Mazda's ZoomZoon.
0:50.9	A pair.
0:51.9	Yeah, each have one.
0:53.6	His and hers. Ann and I have two infinites. We got a turtle have one. His and hers.
0:55.0	Ann and I have two infinites.
0:56.6	We got a turtle.
0:57.4	We got a box turtle named Hamilton and a cat named Angel.
1:00.5	We keep trying to be couch drunks in retirement like Joe has suggested.
1:05.1	But we love exercise, fitness and healthy food too much.
1:07.7	However, with all your help, we upgraded from Coors Latte to Mickelope Ultra.
1:13.5	All right. So we highly recommend Joe consider that upgrade when he becomes, well, a bit more
1:19.8	stable. Wow. Yeah, in your later years. I'm not stable. Less carbs. It seems a good rule of
1:26.7	thumb to do Roth conversions when possible to the top of the marginal tax bracket you expect to be during retirement, especially when you are in low income years and with funds available to pay the tax on the conversion outside of the retirement accounts.
1:39.0	I would like to hear your spitball analysis on when it might make sense to do even larger Roth conversions,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.