Should We Convert to Roth?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 5 November 2022
⏱️ 8 minutes
🧾️ Download transcript
Summary
I'm almost always on board with a Roth conversion, but if it's going to push you into a much higher tax bracket, and eat up your liquidity, then maybe it's not the best strategy.
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Transcript
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| 0:40.5 | hot. The kind of hot that boosts taste nothing else. The ultimate spicy meatball with Siraccio |
| 0:45.4 | Drizzle from Domino's, it will get you fired up. Subject to availability. |
| 0:53.9 | Welcome to the Jill on Money Show. It's the weekend. It's Saturday, November 5th. And we are |
| 1:00.3 | here answering your financial questions. If you have one, it's very easy. You go to that |
| 1:07.9 | bookmarked site. I know you've already bookmarked it. JillOnMoney.com. You know why you should |
| 1:13.3 | bookmark it because Mark populates the website with new stuff all the time. So there's always |
| 1:18.1 | some good stuff there. And also whenever there's some sort of financial question that starts |
| 1:22.7 | to bubble up, you just go to the bookmark. He's, oh, let me just ask Jill and Mark a question. |
| 1:27.6 | You click the contact us button and you fill out the form. Now, you know, we do email episodes, |
| 1:33.2 | but have you guys noticed that on those email episodes, I'm usually at least once or |
| 1:37.0 | twice an episode saying, hey, could you send us more information? It's so much better |
| 1:42.2 | when you come on the show live with us. We just, first of all, we love talking to you |
| 1:46.1 | and Mark and I are both voyors. We, we like to hear your stories. If we have follow-up |
| 1:51.2 | questions, you're there. And that makes it much easier. Today, we are talking to Aaron |
| 1:56.8 | who is on the line from Salt Lake City. So I'm wondering about whether it makes sense to convert |
| 2:04.6 | some of my traditional IRA into a Roth and the tax consequences or benefits. Okay, great. So |
... |
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