- Is Your Portfolio Big Enough to Benefit From Roth Conversions? James Conole, CFP® 21:31
What are the benefits of Roth conversions in Retirement planning? James addresses questions about when Roth conversions become worthwhile.
This episode explores key factors:
Changes in tax bracket
Impact of portfolio size on tax savings
Potential tax savings tend to increase with a higher portfolio balance but be careful not to take unnecessary Roth conversions. James explains different strategies to optimize tax planning.
Is there a specific portfolio value at which Roth conversions should be considered?
Why might one choose not to do a Roth conversion, and what are the alternatives?
6:47 Tax bracket
11:15 Provisional income
14:27 Spousal scenario
16:45 Bottom line
Create Your Custom Strategy ⬇️