Should I Consider a Roth Conversion before I Stop Working?

Roth Conversions can be one of the best strategies to create tax-free income in retirement. And those accounts can grow tax-free indefinitely because they don't have required minimum distributions. In this video, Nolan Goslee with Cornerstone Retirement Partners and Erin Kennedy talk through the pros and the cons of converting your tax deferred accounts to Roth accounts while you're still working. Keep in mind, when you convert those funds, you'll need to pay the taxes upfront, and it's best if you can pay that bill in cash (pro: if you're working, you may have more financial flexibility). But keep in mind, those dollars are also counted as taxable income, which, without proper planning, could push you into a higher tax bracket. There is no cookie-cutter answer to this question; the answer will depend on your current tax bracket, your projected future tax bracket, and your unique financial circumstances. If you'd like to crunch the numbers with Nolan, please call 616-301-2581 or visit www.Cornerstone-RP.com For more updates on when Cornerstone Retirement Partners uploads a new video follow these social medias Facebook -   / cornerstoneretirementpartners   Linkedin -   / cornerstone-retirement-partners   Twitter -   / cornerstone_rp   If you prefer to listen to the videos, they will be posted in audio form on this page. https://coursetoretirement.libsyn.com... Financial Education Find out more information about Cornerstone Retirement Partners, request a consultations, or download the resources mentioned in today’s episode by visiting www.cornerstone-rp.com Disclosure: Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM), a Registered Investment Advisor. BCM and Cornerstone Retirement Partners are independent of each other.