According to Plan: Roth Revealed - Converting with Confidence

In the latest episode of Amplified Wealth: According to Plan, Kate Fishbein, CFP®, and Tom Farrell, CFP®, AEP®, CEPA, welcome special guest Amy Pastorino, CFP® for a deep dive on Roth IRAs and conversion strategies.🎯 Topics Covered:The why behind Roth conversions: tax flexibility and legacy planningHow Secure Act changes impact inherited IRAs and distribution timelinesThe “Tax Now, Tax Later, Tax Never” framework for asset locationReal-world case study: How one client used slow-and-steady conversions to diversifyWhen not to convert, and why CPA coordination is criticalWhether you're planning your own retirement or thinking about what you’ll leave behind, this episode breaks down the key considerations to help you make informed decisions about your Roth strategy.Timestamps:00:00Introduction to Roth IRAs03:48Understanding Traditional vs. Roth IRAs06:48Reasons for Roth Conversions: Tax Flexibility and Legacy07:54The Impact of the Secure Act on Inherited IRAs12:43Tax Location: Understanding Tax Buckets15:37Case Study: Tax Diversification16:46The Importance of a Slow and Steady Approach21:29When to Consider Roth Conversions21:52Long-Term Growth Strategies for Roth IRAs22:02Reasons to Consider Delaying Roth Conversions31:12Contributions vs. Conversions: Understanding Your Options40:07Navigating Tax Implications of Roth Conversions41:53Key Considerations for Roth ConversionsNothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities.  Past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk.  There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation.  Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions.  The opinions expressed in this podcast are those of the participants and may not reflect those of the firm.  To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing.  The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.