The process of Roth IRA conversions can be hard to navigate and the complex decision-making process involved can easily result in costly mistakes. When considering the best course of action for your Roth IRA conversion, it’s critical to realistically assess the implications of your future tax rate.
While many share the belief that taxes will generally increase in the future, not enough people consider the direct impact this could have on their personal finances. Diving deeper into the impact of these taxes with more nuanced considerations on your specific situation results in a strategic approach that can make you more financially prepared to face these tax threats in the future.
In this episode of Money Script Monday, Brian warns of the potential tax pitfalls of Roth IRA conversions by considering future tax scenarios and providing a comprehensive guide to some of the most pertinent tax thresholds.
Resources Provided for This Episode
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Advisory Services offered through LifePro Asset Management, LLC. The information presented here is not specific to any individual's personal circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials.