Why You May Want To Do Roth Conversions If You're Still Working & Have A Pension (Case Study)
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Why You May Want To Do Roth Conversions If You're Still Working & Have A Pension (Case Study)
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You may be considering waiting until retirement to do Roth conversions, but this might not be the best idea. In this episode of Joe Knows Retirement, Joe explains how for the Midwestern Millionaire (someone with a pension and $1 million or more saved), their high income in retirement might make Roth conversions a better idea to do now. He shares a case study breaking down the income a Midwestern Millionaire might expect to have in retirement, and discusses the various reasons why Roth converting now can be helpful in saving money in taxes.
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