When Should I Consider Roth Conversions?

[@suzannevanleer3774]

Thank you so much for sharing your knowledge.....I hope to retire in 5 years, and this channel is needed, and appreciated. 😊

[@RootFP]

You are so welcome! Thanks for watching, Suzanne!

[@rcooper4164]

Very informative!!! Thanks James ❤

[@RootFP]

Glad it was helpful!

[@grcerosa]

Fabulous nice in depth video. I’m one of those DIY people… I’m curious do you do hourly for people like me or as needed? Or do you know people who are CFP’s that offer hourly oh as needed service.

[@janethunt4037]

Thank you for going over this. You are always so clear in explaining these topics. I think I know what we need to do now.

[@tammychick4341]

Great video. Thank you!

[@RootFP]

Glad you liked it!

[@BlueRivers]

Excellent video my dude!

[@patrickschwartz7505]

Great knowledge! Thank you!

[@RootFP]

Glad you liked it!

[@amaliahightower]

Greetings from the Philippines. Thanks for the clear explanation. I’m planning to get my lumpsum pension this year from a previous employer. Would I be able to transfer it to Roth IRA? If so do I have to put all of it to Roth IRA?

[@timothycampbell4596]

Great Video!

[@RootFP]

Thank you, Timothy!

[@philiptornelli3477]

Perhaps inheritance should also be included. If some of your IRA is to be inherited, then one should also consider the tax rate of the person receiving it. If a person receiving it is in a high tax bracket and then inherits a million-dollar IRA that has to be withdrawn in 10 years, that could be an additional 100k per year on top of their salary putting them in a different tax bracket. Since inherited IRAs have their own set of rules, it would be important to get expert help on those impacts as well as the impacts on the retiree.

[@thomascass5756]

Excellent video

[@RootFP]

Thank you, Thomas!

[@datbio7302]

James, I am in cross road of funding more into 401k Roth instead of 401k and paying more tax now. I feel that the tax dollars will avoid the tax that I will need to pay on the growth. What do you think?

[@jameswitte5676]

I would go with the Roth. The Trump tax cuts are due to expire in 2026. With our dysfunctional congress (both parties) and large deficit I don’t see tax rates being this low ever again.

[@rickm8456]

My 457 Roth has required minimum distributions. I never understood that.

[@damis2372]

If you have a stock portfolio in your IRA, convert the stocks that are doing badly (loosing money) to Roth IRA. When they go up, all gains will be tax free.

[@BaileyHorse]

Well - some states collect taxes on your retirement contributions in advance before you run away to tax free states