On December 22nd, 2017, former President Donald Trump signed the Tax Cut and Jobs Act into law.

In short, TCGA, as it's often referred to, reduced taxes for individuals, corporations,

and estates.

In addition to many other changes to the tax code, this act temporarily reduced tax rates

at almost all levels of income and shifted the thresholds for several of the income tax brackets.

For example, the 25% federal tax bracket was reduced to 22%, and the 28% bracket was reduced to 24%.

As it stands today, the tax bracket changes are set to expire or sunset in 2026.

In other words, we only have two more years this year and next year to take advantage of lower tax rates before they jump back up to prior levels.

What of the popular ways retirees have taken advantage of lower rates is to aggressively pursue

Roth conversions before tax rates go up again.

As a result, I've had more questions than ever about the five-year rule, specifically as it

relates to Roth conversions.

Podcast listeners and newsletter readers remain

wildly confused about this rule, and I don't blame them. It's confusing and often poorly

communicated and covered throughout the mainstream media. Welcome to Stay Wealthy podcast. I'm your

host Taylor Schulte, and today, once and for all, I'm going to set the record straight on the

Roth conversion five-year rule. I'm also going to set the record straight on the Roth conversion five-year

rule. I'm also going to share some brief thoughts on the expiration of the Tax Cuts and Jobs Act

with 2024 being an election year. And given the very understandable confusion around the Roth IRA

five-year rules, I'm sharing a one-page flow chart with with all Stay Wealthy newsletter subscribers this week.

This flowchart will allow you to quickly determine how the five-year rule applies to your exact

situation. If you're not a newsletter subscriber and you want a copy of the flowchart, just head to

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