084: Roth Conversions Before and After Retirement with Will Doty
Episode description
If you’ve been around Dean Barber recently and have noticed that he’s smiling even more than usual, we might know the reason why. He just got to talk with Will Doty about his favorite part of the tax code—Roth IRAs—on The Guided Retirement Show. More specifically, Roth conversions before and after retirement.
A lot of people might think that there’s nothing to smile about within the tax code. Well, it’s still easy to feel that way, but former Delaware Senator William Roth did his best to change that in the late 1990s when he created the Roth IRA. Dean says it’s the best part of the tax code because the money in a Roth IRA becomes tax-free if you follow to rules. Dean and Will are looking forward to elaborating on that in this episode.
In this podcast interview, you’ll learn:
- The Perks of the Roth IRA Being Tax-Free
- How to Get Money into a Roth IRA
- What to Consider When Deciding to Contribute to Roth or Traditional
- The Roth IRA Five-Year Rule
- How Medicare Premiums and Claiming Social Security Factor into Roth Conversions Before and After Retirement
START PLANNING
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/84
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com