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 planning
- How Secure Act changes impact inherited IRAs and distribution timelines
- The “Tax Now, Tax Later, Tax Never” framework for asset location
- Real-world case study: How one client used slow-and-steady conversions to diversify
- When not to convert, and why CPA coordination is critical
Whether 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:
00:00
Introduction to Roth IRAs
03:48
Understanding Traditional vs. Roth IRAs
06:48
Reasons for Roth Conversions: Tax Flexibility and Legacy
07:54
The Impact of the Secure Act on Inherited IRAs
12:43
Tax Location: Understanding Tax Buckets
15:37
Case Study: Tax Diversification
16:46
The Importance of a Slow and Steady Approach
21:29
When to Consider Roth Conversions
21:52
Long-Term Growth Strategies for Roth IRAs
22:02
Reasons to Consider Delaying Roth Conversions
31:12
Contributions vs. Conversions: Understanding Your Options
40:07
Navigating Tax Implications of Roth Conversions
41:53
Key Considerations for Roth Conversions
Nothing 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.
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