Skip to main content

The WealthCast presents:

Roth Conversions

ORIGINALLY POSTED FEBRUARY 26TH, 2021

This week’s podcast is hosted by co-owner, Jason MacGregor and Cory Laird, CERTIFIED FINANCIAL PLANNER™. In this episode our hosts cover the topic of Roth conversions including what they are, considerations to take, and general information about this type of account.

Show Notes

  • Roth conversions – what are they and what they are not. (00:48)
  • Biggest considerations for Roth IRA accounts. (02:30)
  • Strategies and tax laws. (03:15)
  • Future income. (03:52)
  • Required Minimum Distributions. (RMDs) (04:13)
  • Who is a good candidate for a Roth Conversion? (04:44)
  • What happens when you pass away and someone inherits your IRA? (07:10 )
  • Tips for 20 and 30 year olds. (08:37)
  • Altruistic: thinking of the future for your children or grandchildren. (10:45)
  • Concerns to look out for. (11:56)
  • Medicare and Social Security. (14:03)
  • When you do a Roth conversion, you are going to have to pay the income taxes. (15:07)​

To learn more about this topic and to get advice from our team of experts, contact us at info@mmwealth.com or sign up for our newsletter.

Full Episode Guide