Is Your Portfolio Big Enough to Benefit From Roth Conversions?

11/07/23 • 21 min

What are the benefits of Roth conversions in retirement planning? James addresses questions about when Roth conversions become worthwhile.

This episode explores key factors:
Changes in tax bracket
Spousal scenarios
Impact of portfolio size on tax savings
Potential tax savings tend to increase with a higher portfolio balance but be careful not to take unnecessary Roth conversions. James explains different strategies to optimize tax planning.
Questions answered:
Is there a specific portfolio value at which Roth conversions should be considered?
Why might one choose not to do a Roth conversion, and what are the alternatives?
Timestamps:
0:00 Intro
3:14 Scenario
6:47 Tax bracket
11:15 Provisional income
14:27 Spousal scenario
16:45 Bottom line
20:29 Outro

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11/07/23 • 21 min

2 Listeners

Ready For Retirement - Is Your Portfolio Big Enough to Benefit From Roth Conversions?

Transcript

Speaker 100:00:00.261

One of the most talked about retirement planning points is Roth conversions , and for good reasons , because in some case , a good Roth conversion strategy can save you hundreds of thousands of dollars or even more . But at what point do they become worthwhile ? Is there a portfolio value one needs to have before implementing this type of strategy ? And , alternatively , is there a p

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