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Most of us have spent our working years putting money into a traditional IRA or 401(k) and enjoying the tax break along the way. But that bill eventually comes due. A Roth conversion lets you pay the tax now so your money can grow and come out tax-free later. It sounds simple, but is it the right move for you, and when could it actually be a mistake?
That's why in this episode of the podcast I talk with John Link about the math behind Roth IRA conversions and how to decide whether converting makes sense for your retirement.
In this episode you will learn:
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- The math behind converting a traditional IRA to a Roth IRA, and when converting could be a mistake
- How the timing of a conversion can affect the taxes you pay over your lifetime
- Why a Roth conversion should be part of a comprehensive retirement plan, not a one-off product sale
- How Roth accounts and estate equalization factor into what you leave to your family
- Why sustainable retirement planning matters more than chasing the best rate of return
Links & Resources
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Disclaimer. John Link is an Investment Adviser Representative with Royal Fund Management, LLC, an SEC Registered Investment Adviser. This content is for informational purposes only and does not constitute personalized financial advice. Full disclosures will be provided at the end of this video. Advisory services are offered through Royal Fund Management, LLC, Link Wealth Mgmt. Royal Fund Management LLC is registered as an investment adviser with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the adviser has attained a particular level of skill or ability. Insurance products offered through (Link Financial). Insurance guarantees are subject to the claims-paying ability of the issuing company. The adviser is paid commissions on the sale of insurance products.
Information presented does not involve the rendering of personalized investment advice but is limited to the dissemination of general information on products and services. The information should not be construed as an offer to buy or sell or a solicitation of any offer to buy or sell securities mentioned here. This presentation should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the advisor as of the date of the presentation and are subject to change. Past performance may not be indicative of future results; therefore, no current prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's portfolio. There are no assurances that a portfolio will match or outperform any particular benchmark. Royal Fund Management LLC only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability.
