In this video, Matt D’Amico and Aiden Haynes break down how Roth conversions work and the situations where they may make sense as part of a retirement tax planning strategy. They discuss tax rates, the “gap years” before required minimum distributions begin, large traditional IRA balances, surviving spouses, and leaving retirement accounts to the next generation.

They also cover situations where a Roth conversion may not be the right fit, including higher-income years, potential Medicare premium impacts, and charitable giving strategies.

If you’re looking for guidance on retirement planning, tax planning, Roth conversions, or retirement income strategies, the team at Networth Advisors is here to help.