Stop These Financial Mistakes! | What are the Key Factors to consider before a Roth IRA Conversion?

Are you making the right financial moves, or are costly mistakes holding you back? Many investors overlook key factors before converting to a Roth IRA, leading to unexpected tax burdens and financial setbacks. In this episode of our exclusive financial series, we break down the essential things you MUST consider before making the switch. 💡 What you'll learn in this video: ✅ The biggest financial mistakes people make before a Roth IRA conversion ✅ How to determine if a Roth conversion is right for you ✅ The tax implications you need to know before making a move ✅ Strategies that aim to maximize your retirement savings ✅ Common myths and misconceptions about Roth IRAs Whether you're in your 20s, 30s, or nearing retirement, understanding Roth IRA conversions can be a game-changer for your financial future. Don’t let misinformation or lack of planning cost you in the long run! 📩 Have questions or need financial guidance? Drop a comment below! 🔔 Like, share, and subscribe for more expert financial insights every week! #FinanceTips ======================================== Dive straight in: 00:00 Key Factors for a Smart Roth IRA Conversion 01:41 Roth IRA Conversion: Lock in Today’s Tax Rates 03:19 Rising Future Tax Rates & Retirement Impact 05:03 Social Security Taxes & IRA Conversions Explained 06:44 How Investment Returns Affect Roth Conversions 08:27 IRA Conversion Costs & Break-Even Analysis 10:17 RMDs & IRA Growth: Impact on Withdrawals & Heirs 12:03 New IRA Withdrawal Rules & Higher Taxes for Heirs #MoneyMatters #RothIRA #InvestingWisely ============================================ ➡️ Looking for a Tailored Retirement Plan? Let's create a Retirement Success Plan that aligned with your unique needs and future aspirations. If a personalized retirement plan sounds like what you need, give us a call at (866) 968-3658 or fill out our complimentary consultation form: https://retire.tv/Million_Dollar_Reti... 🎥 Subscribe to our channel to keep learning here: https://bit.ly/SubscribeHBF ============================================ Weekend Reading for Retirees: Elevate your retirement planning with our curated selection. Every Friday, receive a handpicked collection of four financial articles, each enriched with CFP® insights, delivered directly to your inbox. It’s your weekly dose of knowledge, specifically tailored to empower your financial journey. Sign up now for insights you won't want to miss: https://bit.ly/weekend-reading-email ============================================ DISCLOSURE: Howard Bailey Securities, LLC, is an investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. Insurance products and services are offered through Howard Bailey Financial, Inc™. Howard Bailey Securities, LLC, and Howard Bailey Financial, Inc.™ are affiliated companies. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A can be obtained by visiting https://adviserinfo.sec.gov and search for our firm name. ADV Form 2B is available upon request. Neither the information nor any opinion expressed it so be construed as solicitation to buy or sell a security of personalized investment, tax, or legal advice. University of Notre Dame and University of Notre Dame Athletics (“Notre Dame") are not current clients of Howard Bailey Securities, LLC nor Howard Bailey Financial, Inc. Legends / JMI Rights Holders, on behalf of Notre Dame, was compensated for this Endorsement, as such term is defined under SEC Rule 206(4)-1. For more information, visit howardbailey.com/nddisclosure. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.