Many retirees believe Roth conversions are simply about whether they are “good or bad.”
But the real question is, when a Roth conversion actually makes sense?
For many households, there is a short period in early retirement when income — and taxes — may temporarily fall. Missing that window can mean paying significantly higher taxes later once Social Security and required minimum distributions begin.
In this video I explain the framework I use when evaluating Roth conversion strategies for retirees.
Watch Next
If you’re thinking about Roth conversions, the next step in retirement tax planning is understanding how income is withdrawn across different accounts.
▶ Watch the next video here:
What You’ll Learn in This Video
• Why retirement can create a temporary low-tax window
• How Roth conversions can reduce future required minimum distributions (RMDs)
• How Social Security timing affects Roth conversion strategy
• How tax brackets influence conversion decisions
• Situations where Roth conversions may not make sense
Roth conversions are not really about eliminating taxes.
They are about deciding when you want to pay them.
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00:00-The Roth Conversion Window Most Retirees Miss
02:30- Why Roth Conversions Are Even a Conversation
04:20- The Tax Valley
06:25- The Five-Part Roth Conversion Framework
10:35-Simple Retirement Example
12:00-The Widow Tax Problem
12:56-When Roth Conversions Do Not Make Sense
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
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DISCLOSURES
Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas.
Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments.
This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person.
Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment and planning strategies discussed in this video and should understand that statements regarding future prospects may not be realized.
Nothing provided here constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments.
Investments in securities entail risk and are not suitable for all investors. This is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction. All investment strategies have the potential for profit or loss.
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