Should You Do Roth Conversions in a Down Market? - 602

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Joe Anderson, CFP® and Big Al Clopine, CPA are spitballing on whether Roth conversions actually pay off as part of your retirement tax strategies, today on Your Money, Your Wealth® podcast number 602. “Ozzie and Harriet” in Lafayette, Louisiana are 67, and Ozzie's spreadsheet says converting from their $7 million IRA costs more than just taking the RMDs. He challenges the fellas to change his mind. They also address BondBeer’s many YouTube comments telling them that their favorite guidance to convert when the market drops is flat wrong. Finally, Alan on Daufuskie Island, South Carolina asks for clarification on paying the tax to pay the tax when you pull money from an IRA, and whether it matters if the tax comes out of the account or out of your brokerage.

Free Financial Resources in This Episode:

https://bit.ly/ymyw-602 (full show notes & episode transcript)

Retirement Accounts Guide - free download:

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Financial Blueprint - free, self-guided:

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5 Years From Retirement? Do These Things Now - YMYW TV:

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