When a Roth Conversion Is a Mistake — And How to Know Before It’s Too Late скачать в хорошем качестве

When a Roth Conversion Is a Mistake — And How to Know Before It’s Too Late

00:00 - Intro 00:50 - 1. You're In A High Tax Bracket Now — And Expect To Be In A Lower One Later 01:20 - 2. You’re A Lifetime Modest Income Earner With Modest Retirement Savings 02:09 - Example 03:47 - Example 2 - Add A $40,000 Roth Conversion 06:57 - 3. You Don’t Have Outside Funds To Pay The Conversion Taxes 07:35 - 4. You Need The Money In The Short Term 08:32 - 5. A Conversion Pushes You Into A Higher Tax Bracket Or Phaseout 09:02 - 6. You're Not Likely To Live Long Enough To Benefit 09:31 - 7. You Plan To Leave Your IRA To A Low-Income Heir 10:07 - There’s Nuance To Consider 11:02 - So, Does This Roth Conversion Make Sense? 13:48 - Beyond The Numbers 14:19 - 1. You Want To Reduce Future Required Minimum Distributions (RMDs) 14:39 - 2. You Want To Leave Tax-Free Money To Heirs 15:00 - 3. You Want Tax Diversification 15:24 - 4. You Want Peace Of Mind In Retirement 16:23 - Bottom Line: When Does A Roth Conversion Actually Make Sense? 18:17 - Bloopers Roth conversions can be a powerful retirement strategy — but they’re not always the right move. In this video, we break down when a Roth conversion might actually hurt more than help, using real-world examples and tax calculations. Learn how income, tax brackets, RMDs, and the new Senior Bonus Deduction all play a role in making the right decision. Before you convert, make sure you know the hidden costs and when to say no. Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here:    / erintalksmoney   Thanks for watching, I appreciate you!