Roth Conversion Strategies: Should You Convert or Keep Your IRA?
When does a Roth Conversion make sense—and when could it be a costly mistake? In this episode of Money Matters, Scott and Pat tackle one of the most common retirement planning questions: whether a Roth Conversion is the right move for your financial future. They break down a real-life caller’s situation involving IRAs, pensions, charitable giving, required minimum distributions (RMDs), and the tax implications of converting retirement assets.
The show also features an emotional conversation with Laura, a member of the “sandwich generation” who is balancing retirement planning while supporting aging parents and a special-needs child. Scott and Pat discuss pension decisions, reverse mortgages, life insurance needs, and how to navigate competing financial priorities without sacrificing long-term security.
Plus, they explore tax-efficient investing strategies, asset location, charitable giving through donor-advised funds, and why taxes may be one of the biggest threats to your retirement wealth.
If you've ever wondered whether a Roth Conversion belongs in your retirement plan, this episode is packed with practical insights.
What You’ll Learn:
-Roth Conversions & Retirement Tax Planning
-Tax-Efficient Investing Strategies
-Retirement Planning for the Sandwich Generation
-Reverse Mortgages & Aging Parent Care
-Charitable Giving, RMDs & Retirement Income Planning
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