Timothy Sumer

Vanguard Financial Advisor Jessica McBride discusses the pros and cons of converting a traditional IRA to a Roth IRA during market uncertainty. You can learn more about market volatility here: ... ( 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 Roth Conversions and Volatility: An Ideal Strategy for retirement planning When it comes to retirement planning , Roth conversions have gained popularity due to their potential tax advantages. A Roth conversion refers to moving assets from a traditional individual retirement account (IRA) to a Roth IRA. The main benefit of this strategy is that it allows retirees to convert their retirement savings to a tax-free growth and tax-free withdrawal investment vehicle. However, one crucial factor that often gets overlooked in Roth conversions is market volatility. Volatility refers to the fluctuation i

Show Notes: Do you know the difference between a CONTRIBUTION to your retirement account and a CONVERSION of your retirement account ? To CONTRIBUTE you must still be working and you face annual limits as to how much you can contribute. To CONVERT to a Roth IRA, you can be retired and your only limits are the size of your pre-tax IRA/401k and the income tax you are willing to pay. Roth IRAs are great for tax free retirement income later and to leave to your children and grandchildren as an inheritance. Questions? Email us at Hans@CardinalGuide.com, call us at (919) 535-8261, or visit our website at H E Scheil & Associates doing business as Cardinal Advisors holds an insurance license in all 50 states and DC. Listed below is the license # in each individual state. Alabama 675461, Alaska. 100118081, Arizona. 1800012348, Arkansas 100104794, California 0K32569, Colorado 464622, Connecticut 2463129, Delaware 1119857, DC 2887040, Florida L087124, Georgia 159539, Hawaii 44