018: What Retirees Need To Know about Roth Conversions with JoAnn Huber
Episode description
No one wants to work hard and spend frugally for decades only to find themselves paying more than their entire annual budget in taxes after retirement, but it happens far more often than you might think. I’ve seen it happen, and so has JoAnn Huber.
JoAnn is a CPA, Certified Financial Planner, and Partner at Barber Financial Group. Last season, she joined the podcast to discuss the difference between Roth and traditional IRAs and 401(k)s, and I highly recommend going back to listen to those episodes if you haven’t already.
Today, JoAnn and I are digging deep into Roth conversions: why you might want to do it, when they make sense, and the surprising reasons you may not want to do a Roth conversion. You’ll learn how to stop missing opportunities, take advantage of the unique benefits of the Roth while potentially avoiding hidden costs, and discover how some retirees have saved hundreds of thousands of dollars by doing a Roth conversion the right way.
Get Today's Show Notes
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/18
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com