Retirement Answer Man

Many of us have missed the boat on Roth contributions, but we have another tool to get into Roths: Roth conversions.  If you have been curious about all the hype about Roths you won’t want to miss this series. This month we dive deeper into...

Show Notes

Many of us have missed the boat on Roth contributions, but we have another tool to get into Roths: Roth conversions. 
If you have been curious about all the hype about Roths you won’t want to miss this series. This month we dive deeper into Roths. In episode 494 we discussed what Roths are, last week we dove into contributions, and this week we demystify conversions. Listen in to learn how you can use Roth conversions to upgrade your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT 
  • [2:44] I try to keep the main thing the main thing
  • [3:49] Many of us have missed the boat on Roth contributions
  • [7:11] How to perform a Roth conversion
  • [8:45] How do you pay the tax on a Roth conversion?
  • [14:05] The pros of paying from after-tax assets
  • [16:22] The downsides of paying with after-tax assets
LISTENER QUESTIONS 
  • [19:05] A rule of 55 clarification
  • [22:20] What happens if my income is too high to contribute to a Roth
  • [23:52] How to create a 5-year cash bucket in down markets
  • [30:13] On creating a bond portfolio ladder
BRING IT ON 
  • [38:12] On relationship building
TODAY’S SMART SPRINT SEGMENT 
  • [43:09] Get out of your normal routine and meet new people
Resources Mentioned In This Episode
Episode 494 - Roth Opportunity
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center

What is Retirement Answer Man?

A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com