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A few years ago, most people barely knew what a Roth conversion was.
Now it feels like everyone is talking about them.
“Should I convert before taxes go up?”
“Should I convert before RMDs hit?”
“Should I move my entire IRA into a Roth?”
And honestly?
Some people probably should.
But I’m starting to see something dangerous happen with Roth conversions.
People are treating them like a magic trick instead of a tax strategy.
Because a Roth conversion can absolutely help create tax flexibility in retirement.
But it can also:
• Push you into a higher tax bracket
• Increase Medicare premiums through IRMAA
• Trigger larger tax bills than expected
• Create cash flow problems if taxes are paid from the IRA itself
The real question is not:
“Are Roth conversions good?”
The real question is:
“When does a Roth conversion actually make sense?”
That’s why I put together a simple Roth Conversion Flowchart.
It walks through some of the biggest decision points people miss:
• Future tax bracket considerations
• IRMAA impacts
• The five-year rule
• Paying taxes from outside assets
• Timing issues before RMD age
If you are within 5–10 years of retirement, this is worth reviewing before making major moves with your retirement accounts.
Download the flowchart here: https://lewiswealthmanagementgroup.com/your-first-90-days-to-a-confident-retirement
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Talk soon.
-Nate
Nate Lewis CFP® EA |
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