Here’s some of what we discuss in this episode:

📈 Future RMDs: How larger balances can create bigger taxable distributions later

🚫 Tax-Free Myth: Why Roth conversions still require paying taxes somewhere

👤 Widow’s Penalty: How a surviving spouse can face higher tax brackets

🏥 Medicare Impact: Why higher income can affect IRMAA premiums

👨‍👩‍👧 Beneficiary Taxes: What inherited traditional IRAs can mean for heirs

💵 Paying the Tax: Why outside funds can improve conversion efficiency

“I’m 60, probably retiring in 5-6 years, and I just learned about Roth conversions. Is this something I should be doing?” This is a listener question we hear a lot, and the honest answer is: it depends. Phil digs into what it actually depends on. Roth conversions aren’t right for everyone, and they’re not wrong for everyone either. The only way to know is to run the numbers on your specific situation, not someone else’s.

Go Inside the Episode:

0:00 – Intro

0:47 – Listener Question

1:03 – Roth Conversion Basics

3:25 – Is It Right For You?

6:03 – The Tax-Free Myth

7:34 – Tax Brackets & RMD Age

8:39 – Widow’s Penalty

11:01 – Strategy & Timing

13:45 – Final Thoughts

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

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