Feb 10 2025 51 mins
This week, we’re talking all about the intricacies of Roth accounts and conversions to help anyone looking for ways to optimize their retirement savings. Understanding the difference between traditional and Roth IRAs is crucial for effective tax planning and long-term financial security.
We’ll discuss the powerful benefits of Roth conversions, the differences between traditional and Roth IRAs, and the implications for your financial future. Whether you're considering a Roth conversion or simply want to understand how to maximize your retirement savings, this show provides valuable insights and actionable steps.
Here’s some of what we discuss in this episode:
- Should you convert a part of your traditional IRA or 401k into a Roth?
- All the differences between a Roth and the traditional post-tax accounts.
- How can a Roth conversion benefit clients and what should you consider first?
- Two ways to treat the taxes associated with Roth conversions.
- The five-year rule for Roths.
WAYS TO CONNECT:
Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg
Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.
If you have any questions about what we discussed or anything else in your financial plan, email us at [email protected]. You can also reach the team by phone at (916) 458-8199.