Subscribe
Copied to clipboard
Share
Share
Copied to clipboard
Embed
Copied to clipboard
Retirement Answer Man
Trailer
Bonus
Episode 29
Season 1
Should I Convert to a ROTH IRA? A Talk with Ed Slott
Taxes suck. They erode away your income, savings and investments. One strategy to maximize your retirement savings is to convert your IRA to a ROTH IRA. ROTH IRAs are a powerful tool to help you do this but there are lots tax and planning issues to consider first.
That's why I turned to Ed Slott, America's IRA expert. He is a nationally recognized IRA-distribution expert, a professional speaker, and the creator of several public television specials, including the most recent, Ed Slott’s Retirement Rescue! Investing Corner--The Importance of Dividends
When most people thing of making money in equities, they think of buying low and selling high. That's a great strategy, but it's only part of the story. This week I explore the importance dividends can have in any investment portfolio.
I discuss these 5 reasons dividend can be a benefit to any portfolio:
- How dividends have comprised over 50% of the total return of the S&P 500 index
- The favorable tax treatment dividends can receive
- How dividends can be a good hedge against inflation
- Why dividends can help you control risk in your portfolio
- What are the attributes of most companies that pay dividends
Retirement Tip of the Week During my conversation with Ed Slott, we cover:
- Best places to save for retirement
- The benefit of contributing to a ROTH IRA
- Ed's "Forever Tax to Never Tax" strategy using a ROTH IRA
- The importance of understanding the ROTH IRA conversion rules
- When it doesn't make sense to use a ROTH IRA
- How to use ROTH IRAs as an estate planning vehicle
- The types of people that should consider converting to a ROTH IRA
- The order to draw from your taxable, IRA & ROTH IRA accounts during retirement
- The benefits of drawing from your IRA in order to delay Social Security during retirement
- Biggest mistakes people make with IRAs
Have you considered converting to a ROTH IRA? If you have a question, ask me at rogerwhitney.com