Roth IRA Conversion | 2024 Tax Planning Strategies | Full Calculations

In this video (Part 1) I demonstrate how to calculate the tax impact of the conversion from a Traditional IRA to a Roth IRA, including income and tax bracket considerations.

00:00 Introduction
02:51 Roth Conversion Step 1 - determining estimated taxable income
09:48 Roth Conversion Step 2 - determining your tax bracket and marginal rate
14:44 Determining how to max out your income tax bracket
18:39 Comparing 2023 to 2024 taxable income projections
21:07 Comparing 2023 income tax to 2024 income tax
24:51 Additional considerations when thinking about Roth IRA conversions

--Personal Tax Planning Template for Roth IRA Conversions--
https://numbercrunchnerds.systeme.io/...

--Roth Conversion Video Series--
Part 2: Law Changes & Planning for your Beneficiaries
   • Roth IRA Conversion (Part 2) | 2024 T...  

Part 3: RMD Calculations w/ Examples
   • Roth IRA Conversion (Part 3) | 2024 T...  

Part 4: IRMMA | Net Investment Income Tax | Stock Trader Calculator
   • Roth IRA Conversion (Part 4) 2024 Tax...  

Part 5: How To Calculate Estimated Taxes
   • Roth IRA Conversion (Part 5) | Calcul...