Is A Roth Conversion Right for You? New Retirement's New Tool Can Help You Decide

Video Description

New Retirement Roth Conversion Explorer: https://go.robberger.com/new-retirement/yt-nr In this video, we look at evaluating Roth conversions using New Retirement's recently updated Roth Conversion Explorer tool. We'll look at how life events can affect your Roth conversion strategies. We'll also examine how important assumptions are to evaluating a Roth conversion. For example, we'll walk through the process of setting up assumptions for tax brackets, rates of return, and analyzing results to compare different scenarios. We'll also discuss key factors like inheritance and Medicare premiums, and how they can impact your Roth conversion strategy. Join the newsletter: https://robberger.com/newsletter/?utm_source=Rob+Berger&utm_medium=ATF+Link&utm_campaign=Newsletter&utm_id=YouTube ———————————— Video Resources ———————————— New Retirement Roth Conversion Explorer: https://go.robberger.com/new-retirement/yt-nr Roth Conversion FAQ: https://help.newretirement.com/en/articles/5730438-roth-conversion-faqs ———————————— Timestamps ———————————— 0:00 - Roth Conversions 1:01 - Roth Conversion Explorer Tool 2:05 - Account Setup & Assumptions 3:28 - Tax Rate Assumptions 4:33 - Manual Roth Conversion Tool 5:56 - Choosing a Tax Bracket 7:25 - Roth Conversion Window 8:50 - Experimenting with 15-25% Tax Brackets 9:14 - Required Minimum Distributions (RMDs) 10:50 - Using the Roth Conversion Tool 13:06 - Roth Conversion Plan results 14:02 - Inheritance considerations for Roth conversion 15:00 - Projected account balances after Roth conversion 15:41 - Impact on Medicare premiums (IRMAA) 16:33 - Changing the tax bracket for Roth conversion 17:54 - Assumptions on investment returns and the impact on Roth conversion results 19:58 - The effect of growth rates on Roth conversion results ———————————— Investing Tools ———————————— My Book (Retire Before Mom and Dad): https://amzn.to/2MsRJ9B Personal Capital (Investment Tracking, Retirement Planning): https://robberger.com/personal-capital New Retirement (Retirement Planner): https://robberger.com/new-retirement Stock Rover: https://robberger.com/stock-rover M1 Finance $30 Bonus (IRA & Taxable Accounts): https://robberger.com/m1finance-bonus ———————————— Credit Cards & Banks ———————————— My Favorite Credit Cards: https://www.allcards.com/best-credit-card-offers/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=Boilerplate My Favorite Online Banks: https://www.allcards.com/best-online-banks/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=Boilerplate ———————————— Popular Videos ———————————— 1️⃣ How to Create a 3-Fund Portfolio: https://www.youtube.com/watch?v=kmw8OpGp2rM 2️⃣ How I Manage 28 Accounts in One App: https://www.youtube.com/watch?v=cQk6EQk3iGg 3️⃣ 7-Step Financial Checkup: https://www.youtube.com/watch?v=mNWGWxKzKTY #rothconversion #newretirement #robberger ABOUT ME While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money. I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE) LET'S CONNECT Youtube: https://www.youtube.com/channel/UC9C17-OMxa-7oRSaCtztObw?sub_confirmation=1 Facebook: https://www.facebook.com/financialfreedomguy/ Twitter: https://twitter.com/Robert_A_Berger DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.