I’m 69 and Single with $1,000,000 in IRAs - Should I do a Roth Conversion?
Автор: Scott Sierens, CFP®
Загружено: 2024-04-22
Просмотров: 3771
So you’re single, a widow or widower with $1 million dollars saved in your IRA or 401k and you’re wondering whether you should convert to a Roth. Would the roth conversion strategy benefit you or would it be better to keep your money where it is??
In this video, we’ll examine two sample cases of single people who are single, retired, and collecting Social Security as their only income. We’ll show you why one of these shouldn’t convert to a Roth while the other should consider converting to Roth and start moving some of their 401k and IRA money.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:00 – Sample case summaries
3:03 – Retirement Tax projections
4:32 – Tax brackets
8:10 – Sue Sample Roth conversion recommendation
12:00 – Jane Sample Roth conversion recommendation
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