Tax and IRA expert Ed Slott on when conversions can result in the greatest tax savings—and what to know before you execute them. 00:00 Introduction 00:34 Why would someone want to convert traditional IRA balances to Roth? 01:54 Taxes during a Roth IRA conversion 03:17 When should someone not convert to a Roth IRA? 06:10 Are there any life stages that are best to convert to a Roth IRA? 07:45 What documentation do you need to prove you have done a conversion? 09:10 Do you file your 1099? What to watch from Morningstar. If You Haven't Taken RMDs Yet in 2022, Watch This Video Retiring Soon? Make Sure to Check Your Asset Allocation When's the Best Time for a Roth IRA Conversion? The Best Way to Save for College Read what our team is writing. Christine Benz Follow us on social. Christine Benz on Twitter: @Christine_Benz Facebook: Twitter: Instagram: LinkedIn: ... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)