Is a Roth Conversion for You?

We hear a lot about the advantages of doing a Roth conversion.  But personal finance author Liz Weston warns that “later in life” conversions can sometimes cause problems.  How do we know when a Roth does – or doesn’t – make sense for us? Then, most of us are hoping that we’ll be able to maintain the same standard of living in retirement that we enjoy now.  But Jack Otter, an associate publisher for Barron’s, tells Fox Business that a lot of people aren’t doing what they need to do to make that happen. Hear Steve explain the important of generating income as opposed to just periodically withdrawing money from their retirement account. See omnystudio.com/listener for privacy information.