Why Stock Market Crash is the Best Time to Make Roth Conversions
Timing is everything when it comes to Roth IRA conversions—and getting it wrong could mean unnecessary taxes. In this video, we break down the best time to convert traditional retirement funds to a Roth IRA so you can maximize tax efficiency and long-term growth. Whether you're planning early retirement, facing a lower income year, or just trying to optimize your financial future, this is what you need to know to make smart conversion decisions. Don’t leave money on the table—learn how to time it right. 📖 FIRE Investing Academy 📖 ➡️ https://www.firepsychat.com/fireinves... Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ https://firepsychat.com/community 👨🏫 Financial Consultation 👩🏫 Schedule a 1-on-1 Private Session with Psy ➡️ https://www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ https://www.firepsychat.com/ynab Increase your income by starting a course in Course Careers! ➡️ https://coursecareers.com/a/FIREPsyChat 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ https://www.firepsychat.com/resources Become a Channel Member! ➡️ / @firepsychat For sponsorships and business inquiries ➡️ [email protected] ⏰ Table of Contents ⏰ 0:00 Introduction 0:40 Roth IRA Conversion Rule 3:03 Roth IRA Withdrawal Order 3:51 Traditional Accounts can drive your RMDs higher 5:04 When the stock market is down 7:03 When your income is low 7:59 Early retirement years before you start collecting Social Security 8:35 If you experience a significant business loss or deductions in 2025 8:59 If you expect your tax rates to increase in the future 9:35 Tax filing status changes: going through a divorce (rare occasion) 10:30 Leaving an inheritance tax-free to your heirs 11:13 Conclusion #FIREPsyChat #FinancialIndependence #RothIRAConversion 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 https://www.epidemicsound.com/referra... Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary. Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
