Do you typically wait until year-end to perform your Roth Conversion?
You’re not alone. Most retirees and advisors wait until the final months of the year to initiate conversions despite knowing how much they want to convert for the majority of the year.
Now, waiting until year-end makes sense for a few reasons. The main reason is that your tax situation will be very clear.
By year’s end, you should know your taxable income within a couple hundred bucks and can zero in on the right about to convert.
But waiting until year-end also has its drawbacks.
As of late, many retirees are surprised when their accounts have grown steadily enough throughout the year that the conversion at the end of the year barely makes a dent!
Is there a better way to time conversions?
Yes. And in this video, we uncover a way to increase the value of your Roth Conversion Strategies by adjusting the timing of the conversion.
If, after watching this video, you are interested in learning more about how you can implement a timing strategy properly, reach out to our tax team at www.safeguardinvest.com/contact.
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Always remember, “You Don’t Need More Money; You Need a Better Plan”
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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary