Skip to main content

Should I Convert My IRA To A Roth IRA?


David has a large investment in IRAs. He's concerned that he may need to convert some of these funds into a Roth IRA to avoid a tax penalty. Wes discusses the pros and cons of the Roth conversion strategy. Original airdate: March 11, 2018 - Hour 2, Call 2. Wes Moss is the host of MONEY MATTERS – the country’s longest-running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. Send me your questions directly at (contact box in top right corner) You Can Retire Sooner Than You Think Money Matters with Wes Moss podcast or on Apple Podcasts Twitter: Facebook: Check out my website for more financial tools and articles: Please note, this information is provided to you as a resource for informational purposes only and should not be viewed as investment advice or recommendations. Investing involves risk, including the possible loss of principal. There is no guarantee offered that investment return, yield, or performance will be achieved. There will be periods of performance fluctuations, including periods of negative returns. Past performance is not indicative of future results when considering any investment vehicle. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions....(read more)


LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
When it comes to retirement planning, one of the most important decisions you can make is whether to convert your traditional Individual retirement account (IRA) to a Roth IRA. A Roth IRA is a retirement account that allows your contributions to grow tax-free, and when you make withdrawals in retirement, you don’t have to pay taxes on the money. Converting your traditional IRA to a Roth IRA can be a great way to save money in the long run, but it’s important to understand the implications of the conversion before you make the switch. The first thing you should consider when deciding whether to convert your traditional IRA to a Roth IRA is the tax implications. When you convert your traditional IRA to a Roth IRA, you’ll have to pay taxes on any money you’ve accumulated in the traditional IRA. This means that if you have a large balance in your traditional IRA, you could end up owing a significant amount in taxes. You should also consider your income when deciding whether to convert your traditional IRA to a Roth IRA. If you’re in a high tax bracket, you may be better off leaving your traditional IRA as is. However, if you’re in a lower tax bracket, you may be able to save money in the long run by converting your traditional IRA to a Roth IRA. Finally, you should consider your age when deciding whether to convert your traditional IRA to a Roth IRA. If you’re younger, you’ll have more time to take advantage of the tax-free growth potential of a Roth IRA. However, if you’re older, you may not have enough time to make up for the taxes you’ll owe when converting your traditional IRA to a Roth IRA. Ultimately, whether or not you should convert your traditional IRA to a Roth IRA depends on your individual circumstances. It’s important to consider the tax implications, your income, and your age before making a decision. If you’re unsure, it’s a good idea to speak to a financial advisor who can help you make the best decision for your retirement planning. https://inflationprotection.org/should-i-convert-my-ira-to-a-roth-ira/?feed_id=71107&_unique_id=63ee485252ea0 #Inflation #Retirement #GoldIRA #Wealth #Investing #asset #AssetManagement #Finance #financialadvice #FinancialAdviser #financialadvisor #financialmanagement #income #invest #investing #investment #investmentadvice #investmentmanagement #investmentstrategy #investor #ira #money #MoneyMatters #personalfinance #retire #Retirement #retirementaccount #retirementplan #retirementsavings #RothIRA #tax #taxpeanalty #TaxSavings #taxes #wealth #wealthmanagement #WesMoss #withdrawal #VanguardIRA #asset #AssetManagement #Finance #financialadvice #FinancialAdviser #financialadvisor #financialmanagement #income #invest #investing #investment #investmentadvice #investmentmanagement #investmentstrategy #investor #ira #money #MoneyMatters #personalfinance #retire #Retirement #retirementaccount #retirementplan #retirementsavings #RothIRA #tax #taxpeanalty #TaxSavings #taxes #wealth #wealthmanagement #WesMoss #withdrawal

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...
Post a Comment
Read more