Welcome to the Stay Walthy podcast.

I'm your host, Taylor Schulte, and today, after countless requests from listeners,

I'm finally kicking off a two-part series on Roth conversions.

Specifically here in part one, I'm breaking down what a Roth conversion is,

how a Roth conversion works, and why

Roth conversions are so popular. So if you're ready to master the basics of Roth conversions,

today's episode is for you. For the links and resources mentioned, just head over to

you stay wealthy.com forward slash 147.

Okay, two quick updates before we get into it.

First, if you blinked, you might have missed that U.S. stocks are up almost 6% since last

week's not very optimistic episode aired.

And I mentioned this to once again point out in real time how unpredictable markets are in the near term and why we don't want to let these current events lead us to make quick, oftentimes irrational decisions with our money and investments.

Inflation ticked up higher last month. Double digit inflation could be around the corner. We have a war overseas. The Fed just hiked

interest rates for the first time in four years. And yet, the stock market just had its best

weekly performance since November of 2020. So once again, a reminder to stay focused on the

things you can control. The second update, I've been meaning to share this

for a while now, but for those who listened to my two-part series on Robo Advisors last April,

you might remember that one of my primary concerns for going all in with one of these online

advisors was them selling to a large Wall Street firm, much like Lernvest got swallowed up by Northwestern Mutual

in 2015. Well, it seemed to kind of fly under the radar, but earlier this year in January,

the big publicly traded Wall Street firm UBS bought the very popular Robo Advisor, Wealthfront,

which if you followed Wealthfront from the very beginning of their journey, this pretty much goes against everything that they ever stood for. So it left a lot of people

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