Essential Details You MUST Know Before Converting to a Roth

A financial advisor explains the importance of Roth conversions and their power to create tax-free income during retirement. In this video, we dive deep into the concept of Roth conversions—what they are, how they work, and why they might be a smart move for your financial future. A Roth conversion involves transferring funds from a traditional IRA or 401(k) into a Roth IRA, where the money can grow tax-free. We’ll break down the benefits, including tax-free withdrawals in retirement and no required minimum distributions (RMDs). But Roth conversions aren’t for everyone—there are important factors to consider, such as your current tax bracket and long-term retirement goals. We’ll explain how to determine if a Roth conversion makes sense for you and walk through the steps of executing one. #investingforbeginners #financialplanning #rothira