Using Roth IRAs to Create a Tax-Efficient Retirement (Ep. 9)
We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA.
What does it take to do a Roth conversion, and is it right for you?
In this episode, Ryan Poterack discusses the benefits and process of converting a traditional IRA into a Roth IRA. He explains the tax implications of both types of IRAs and the value of considering current and future income tax brackets when deciding to convert.
Tune in as Ryan emphasizes the importance of critical thinking in financial planning, using specific examples to illustrate his points.
Main talking points include:
- What are Roth IRA conversions and how to maximize its usage
- The tax implications of having an IRA conversion
- The role Roth IRAs have in your unique retirement plan
- The value of critical thinking skills when creating your financial plans
- And more!
Resources:
- “Making it Count: Life Isn’t Lived On a Spreadsheet” by Ryan Poterack
Connect with Ryan Poterack:
Connect with Poterack Capital Advisory:
- Poterack Capital Advisory
- Meet the team at Poterack Capital Advisory
- LinkedIn: Poterack Capital Advisory
- Facebook: Poterack Capital Advisory
- X (formerly Twitter): Poterack Capital Advisory
- 704-366-5776
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