Real World Examples of Roth Conversions

There’s been a growing buzz around Roth conversions, but what do they actually entail?

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There’s been a growing buzz around Roth conversions, but what do they actually entail? This popular strategy makes a lot of sense within a financial plan, but like all tools, it’s not for everyone. In this episode, we dig into this complex subject with real-world examples that illustrate the potential benefits and pitfalls of this strategy.

Roth conversions involve transferring funds from a traditional IRA or 401(k) into a Roth IRA, allowing for tax-free withdrawals in retirement. While this sounds appealing, the decision to convert is not one-size-fits-all and requires careful consideration of various factors, including current tax rates, future tax expectations, and individual financial goals.

There’s a lot to consider when it comes to this financial tool, and Sean will walk you through those considerations and more.

Here’s what we discuss in this episode:

0:00 – Intro

1:45 – Roth conversions are situational

6:13 – Determining how much to convert

9:50 – Staying under IRMAA limits

13:05 – Age factors with Roth conversions

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For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

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