Roth Conversion Planning With A Pension: Everything You Need To Know

Video Description

Roth conversions can be a great tool to help save money in retirement if you have a pension and $1 million or more saved. In this episode of Joe Knows Retirement, Joe talks about everything you need to know about Roth conversions if you have a pension. He provides information on which tax bracket you'll likely be in in retirement if you have a pension, and talks about factors you should think about when considering how much to Roth convert. 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/ 🎥 Subscribe to our channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe’s book "2% Club": https://keap.page/bsd964/2-percent-toolkit-yt.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/opportunities-for-wealthy-people-retiring-with-a-pension #retirement #retirementplanning #pension Timestamps: 00:00 Intro 00:54 Are you part of the 2%? 02:13 What is a Roth conversion? 04:53 There are no limits on a Roth conversion 05:56 Software can help determine how much you should Roth convert 08:01 Who are Roth conversions right for? 10:36 Widow's penalty 11:30 Tax rates are currently among historical lows 13:02 Medicare considerations (IRMAA) 15:04 What is the sweet spot? 17:11 Leaving money to your kids and loved ones Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is a Securities and Exchange Commission registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.