About this episode

The episode discusses the implications of Roth conversions versus Required Minimum Distributions (RMDs) on tax bills, featuring various listener questions and financial scenarios.

Financial Assessment (Meet with an experienced professional): https://bit.ly/YMYWassessC 11 rapid-fire spitballs today from Joe Anderson, CFP®, and Big Al Clopine, CPA, on Your Money, Your Wealth® podcast number 587, on everything from Roth conversions and RMDs to whether a guy named Wayne can finally treat himself to a seventy-five-thousand-dollar Audi. Aaron in Syracuse just hit a million bucks in his 401(k) and realizes he needs a spitball on keeping his RMDs low. Do new Roth conversions restart the 5-year clock? 72-year-old Mike in Texas wants to know. Marion inherited a not-yet-five-year-old Roth, and an IRMAA problem along with it. Lu and Stephen each argue that the fellas’ conversion and retirement spitball math might be misleading. Teachers Tony and his wife have pensions that cover everything, so should they even keep saving? John and Peggy need a retirement spitball, Rajesh wonders if he should pay off his mortgage or convert to Roth, and Mike in San Marcos asks about funding a Roth with pension money. Free Financial Resources in This Episode: https://bit.ly/ymyw-587 (full show notes & episode transcript) Retirement Accounts Guide - free download…

People in this episode

Hosts: Joe Anderson, Alan Clopine

Topics covered

• Roth conversions
• RMDs
• retirement planning
• financial assessment
• tax implications
• pension considerations

Keywords

• Roth conversions
• RMDs
• tax bill
• financial planning
• retirement accounts
• pensions
• 401(k)
• IRA

Mentioned in this episode

Products: Audi

Places: Syracuse, Texas, San Marcos

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