Getting to Know ROTH

Episode Transcript

Speaker 1 (00:10):
Great opportunity right now.

Speaker 2 (00:12):
If you've got a question for our retirement planning professionals,
give us call. We'll get you right on the air.
Six oh eight three two one thirteen ten. That's six
oh eight three two one thirteen ten gets you on
the air with CJ Closs and Eric Schwartz again. They
are our retirement planning professionals from Class Financial.

Speaker 1 (00:27):
You can learn more online the website class financial dot com.

Speaker 2 (00:30):
That's Class k l aa S financial dot com and
their telephone number six oh eight four four two five
six three seven. No charge for the initial get to
know your appointment at Colss Financial. It will be complimentary
to you again their telephone number six O eight four
four two five six three seven. C J, how you
doing this morning?

Speaker 3 (00:49):
I'm doing great. Is a little bit slick on the
way in this morning, but besides that doing well.

Speaker 1 (00:53):
That is a little slippery out there. Good to hear. Eric.
How is your drive in this morning?

Speaker 4 (00:58):
You know it was it was slip as well, But
meet it in without any injuries.

Speaker 2 (01:02):
That's the That is the ticket that is key on
days like dan as we're talking about this, do be
carefully on those sidewalks even are very very icy this morning.
We're going to talk about about conversions this morning and
roth conversions and what folks need to know. It's a
it's a really cool conversation, I head, so you're definitely
gonna want to sit tight for that. A couple of
things too, to keep in mind as we have our

(01:23):
conversation with every tirement planning professionals from COSS Financial, don't
forget if you ever miss part of the program, or
you want to listen back to it, or you want
to share it, if you head on over to Classsfinancial
dot com. There's a link to the podcast right there
again the website class Financial dot com. Telephone up for
Class Financial six oh eight four four two five six
three seven. I want to hold on to that telephon
number as well, because later in the program we'll do

(01:43):
the Class Quiz Question the Week, your chance to win
a fantastic prize provided by our friends at Class Financial.
This week's prize a twenty five dollars gift card to
Texas Roadhouse. Pay close attention because most of the time,
the question and answer to the Class Quiz Question of
the Week come up during each week's program before.

Speaker 1 (02:00):
We get to this week's conversation.

Speaker 2 (02:01):
Let's actually roll back and take a look back at
last week's show and get the question and answer there
as well.

Speaker 4 (02:08):
Yeah, so thank you to everyone for listening. As always,
our question for last week was what is the new
standard deduction for single taxpayers in twenty twenty five? Your
choices were ten thousand or fifteen thousand dollars and our
winner from last week, Sandra from Middleton, knew the correct
answer was fifteen thousand dollars.

Speaker 1 (02:28):
Congratulations Sandra.

Speaker 2 (02:30):
You two can be like Sandra's Pekle's Tension program your
chance to win a twenty five dollars gift card to
Texts Roadhouse and we'll do that a little bit later
on in the program. As mentioned today, we're going to
be talking about an essential topic for retirement planning, and
that is roth iras WROTH four to oh one case
and of course roth conversions CJ.

Speaker 1 (02:48):
What in those areas do we need to know?

Speaker 3 (02:51):
Yeah, this is This is a fascinating subject with a
lot of nuances, So I encourage people to listen kind
of carefully and closely, and obviously talk to your advisor
or out to us if you have any questions after this.
But many people are familiar with the traditional retirement savings vehicles.
These are things like four to one k's, four H
three b's, and iras. But understanding the WROTH options can

(03:13):
really elevate your retirement strategy. The choices available to you
do often depend on whether or not your employer offer
certain of these elements, and of course your personal financial situation,
so you know, make sure again that you talk to
your advisor or your accountant as a follow up to
anything we discussed today. But traditionally, contributions to retirement accounts

(03:33):
have been made on a pre tax basis. That's often
why they call them traditional IRA contributions. Traditional just means
the longest standing and the longest standing rules were that
you could make pre tax contributions to your retirement account,
whether through your employer's sponsored retirement plan or a traditional IRA.

(03:54):
This approach allows your money to grow tax deferred, but
you'll pay taxes when you start withdrawing funds in retirement
based upon your tax rate at that time in retirement.
So you get the idea. The traditional contributions have been
around for a long time. I earn one hundred thousand dollars,
I put ten thousand dollars into a four to one
K plan on a traditional pre tax basis, meaning I

(04:16):
save the taxes on that ten thousand dollars. It then
grows tax deferred, and when I get into retirement, then
I pay ordinary income taxes on that when I pull
it out. However, since the introduction of roth iras in
nineteen ninety seven, individuals have had the opportunity to save
for retirement using after tax dollars. And yes, you did

(04:38):
hear me right, nineteen ninety seven, it's not that old, everybody.
Roth IRA contributions are kind of a newer concept when
we think of it in the in the grand scheme
of things here. And while you don't get an upfront
tax deduction on ROTH contributions, the key benefit is that
qualified withdrawals in retirement are generally tax free. So often

(05:01):
Eric and I when we're talking to people will say
traditional contributions are pre tax, tax deferred and then taxable.
WROTH contributions are basically the opposite. You get no tax
deduction today on a WROTH contribution, it grows tax free,
and as long as you abide by the rules, which
we'll be talking about here in a little bit, when

(05:22):
you get into retirement, you pay no tax on the withdrawals. Now,
I will warn everybody as I start going into some
of the key aspects of this, there are some errors
that people make in their simple logic, which is tax
free is better than taxable. So I'll do all wroth
no matter what. Now, that's not really the way the
math works out on this. If you don't believe me,

(05:43):
call us and we'll walk you through the math. Then
you'll have a couple of aha moments where you go, oh,
that's true. That's true. So roth versus pre tax is
a lot more nuanced than just one sounds better than
the other. There's a lot that goes into that consideration.
But here's some important aspects to consider about roth irays.
So wroth iray contributions are made with after tax dollars.

(06:06):
Again a meeting, there's meeting, there's no immediate tax deduction,
and in essence, you pay taxes now to enjoy tax
free withdrawals later. Contribution limits for roth irays are the
same as traditional iras, so in twenty twenty five you
can contribute up to seven thousand dollars to a roth
ira if you're under fifty and eight thousand if you're

(06:26):
over fifty. Thanks to what's called a catchup contribution, you
do need to have earned income to contribute to a
roth ira, and if your earnings are less than the
contribution limit, then you can only put put in money
up to the amount that you earn. Furthermore, you can
do contributions for non working spouses, again provided that you

(06:48):
have enough income to support those contributions. One of the
most important things about roth contributions is income eligibility. In
twenty twenty five, single file can contribute fully with income
under one hundred and fifty thousand, and then they're phased
out between one fifty and one sixty five, and for

(07:09):
married couples filing jointly, contributions are allowed under two hundred
and thirty six thousand, with phaseouts from two thirty six
to two forty six. Some of you are going, what
the heck are you talking about. Well, you have to
have earned income to be able to contribute to a wroth,
but you can't have too much earned income. That's the
idea here, right, So if I want to do a
roth ira, and the key component here is ira wroth

(07:32):
war one days are different. We're going to be talking
about that in a moment when Eric gets to it.
But if I want to make a contribution to a
roth IRA, I have to have earn enough earned income
to offset that contribution. But if I have too much
earned income, then I am phased out of having the
ability to make that contribution. So some interesting things, and
I will just say, you can contribute to a roth ira.

(07:55):
One one quick point. You can contribute to it up
to the tax filing deadline. You can do what are
called like prior year contributions right before April fifteenth of
this year. If you talk to your account and you
account says you should do a roth IRA contribution, you
can actually attribute that contribution to the prior year up
into the tax filing up until that tax filing deadline.
So there you go. A few things to know about

(08:17):
roth iras.

Speaker 1 (08:17):
Really good stuff this week with CJ.

Speaker 2 (08:19):
Closs and Eric Swartz, our retirement planning professionals from Class
Financial their website Class financial dot com. That's Class k
l a A S financial dot com. I hope you've
I hope you had a chance to stop by and
check that out. If you haven't, head on over there
this morning. Don't forget you can listen back to the
podcast on the website and subscribe as well. Speaking of subscribing,
there's the weekly Market Pulse newsletter. It's a great weekly

(08:40):
email that gives you a link not only to the podcast,
but little snapshot of what's been going on in the markets. Again,
that is free to you at Cossfinancial dot com. Speaking
of things that are free to you at Cossfinancial dot com.
Telphon number six so eight four four two five six
three seven, no charge for that initial gets to know
your appointment tech Coss Financial. It will be complementary to
you again their number six oh eight four four two
three seven. So Eric, Now, let's just say you have

(09:03):
access to a four WROTH four oh one K. Should
you consider contributing to that?

Speaker 4 (09:10):
Yeah, that's a great question, Sean. And as TJ said,
we were we've been talking here about roth iras. So
those are individual retirement accounts, but when we get into
the employer sponsored plan space, things get a little bit more. Well,
you get a few more options. So a ROTH Flora
one K is an employer sponsored retirement account that allows

(09:31):
you to contribute after tax dollars, just like a ROTH IRA,
which gives you the opportunity for tax free growth, tax
free withdrawals in retirement, and these these were introduced around
two thousand and six, but honestly it was a pretty
slow adoption for employers. But they've gotten pretty popular here
over the last couple of years, and as of a

(09:53):
couple of years ago, now almost ninety three percent of
employers offer a ROTH four one K option. Now, one
thing to know about WROTH for one ks is it's
not actually a separate account that you're opening. So often
people say, well, I only have a pre tax four
O one K or a ROTH four oh one K.
It's all one account. It's just whether or not the

(10:14):
employer allows you to put WROTH dollars into the account,
and then the record keeper obviously is going to is
going to keep those separate so that you can understand
how dollars are going to be taxed when you're taking
them out. But the fact that it's one account is
going to come into play here when we talk about
contributions in a moment. So whether you should contribute to

(10:35):
a WROTH for one K, it depends on a lot
of factors. I mean, it depends on your income. You
know what your current tax bracket is what we think
your future tax bracket will be. But here's just a
few things to think about when you're considering whether or
not you want to make WROTH contributions to your four
oh one K or four oh three B or or
four fifty seven whatever type of plan your employer offers.

(10:57):
Unlike roth aires, there's no income limit for contributing to
a WROTH four to one K, so this actually makes
it accessible to higher earners. CJ was talking about some
of those those upper upper end income limits that you
know a which point you can't put money into a
roth iray, we avoid that on the WROTH forur oh
one K side, And speaking of contributions for for twenty

(11:20):
twenty five, the total contribution limit to a four to
oh one K, so that includes any dollars you put
in before taxes or traditional and wroth, so the total
is twenty three thousand, five hundred or thirty one thousand
dollars if you're over fifty and you take advantage of
that catchup and then we've talked about this before too,
but if you're between sixty and sixty three, you can

(11:43):
actually add an additional ketchup contribution of eleven, two hundred
and fifty dollars, which brings your total to thirty four thousand,
seven hundred and fifty dollars. Now you don't have to
do contributions. You know, you don't have to choose to
do all pre tax or all WROTH. You can do
you can do some of both. And you know that's
something that your advisor can help you determine based on

(12:03):
your your tax strategy and where you are in life.
One final update, and this is a this is a
pretty new one. As of last year, r m d's
required minimum distributions are no longer required for four o
one ks. So previously you had to actually roll over
the WROTH dollars before hitting r m D age or

(12:24):
they would make you take out. You know that whatever
portion was attributable to your ROTH dollars from your four
oh one K, now you didn't have to pay taxes
on it, but you lost the ability to continue getting
that tax free growth. So this this is a fix
that that allows you to avoid those rm ds.

Speaker 2 (12:40):
The really important updates there for sure. As we talked
this week with Eric Schwartz and CJ. Colss, they are
our retirement planning professionals from Class Financially. Don't forget their
website a lot of great information that costs Financial. That's
Class Financial dot com. That's Coss k l a a
s Financial dot com. You can sign up for the
weekly Market Pulse newsletter. You can learn more about the
team at COSS Financial, get to know their personalities as

(13:03):
well as a little tip. If you scroll over their
photos on the our team section, I'll get a little
insight into into some of their hobbies and some other things.
Also why you're at cossfinancial dot com. You can learn
about their separate divisions, how they can help you or
if you're an employer. Again, all that information available to
you at cossfinancial dot com. They're teleph number six oh
eight four four two five six three seven. No charge

(13:23):
for that initial get to know you appointment at Colss Financial.
It will be complementary to you their number six oh
eight four four two five six three seven. And if
you've got a question, love to have you join us
this morning telephe number here at station six oh eight
three two one thirteen ten. That's six oh eight three
two one thirteen ten. May have heard us mention Roth conversions.
We're gonna get the details from CJ. We will do

(13:43):
that next as Money in Motion with Costs Financial continues
here on thirteen ten.

Speaker 1 (13:47):
Wiv A.

Speaker 2 (13:51):
Talking this week with our retirement plan professionals from Class
Financial talking about Roth iras WROTH four oh one k
is and Roth conversions and we'll get into those conversions
in just a moment.

Speaker 1 (14:00):
But if you haven't been to the.

Speaker 2 (14:00):
Website yet, head on over there learn more about COSS
Financial and so much more available at cossfinancial dot com.
That's k l a A S Financial dot com. They're
telling for number six O eight four four two five
six three seven. No charge for that initial get to
know your appointment at Costs Financial. It will be complimentary
to you. Again, they're number six O eight four four
two five six three seven. So we've talked about accessing

(14:23):
WROTH and of course some things some of the interesting
aspects of Roth. What about those Roth conversions, CJ, who
might be a good candidate for the excuse me, I
pardon me, Eric, who might be a good candidate for those.

Speaker 4 (14:38):
Yeah, that's a great question, and I think CJ probably
can answer this question. A lot of our days talk
to tell you talking about Roth conversions. Now it's it's
it's become a really really interesting topic, mostly because there's
a lot of strategies we can employ around roth conversions.
And so a roth conversion it basically involves moving funds

(14:58):
from a traditional ira or pre tax ira into a
roth ira, So you're paying the taxes on the converted amount,
and now you get the tax free growth of a
roth ira and then obviously tax free withdrawals later. Now
you can do this at any age, and it actually
avoids that ten percent early withdrawal penalty that people in

(15:19):
cur if they take money out of an ira prior
to fifty nine and a half. So in this case,
you're just taking money from a traditional moving it over
to a wroth, so you're avoiding that ten percent withdrawal penalty.
But remember the amount that you convert is tax in
the year of the conversion. Okay, so it's going to
increase your taxes the year that you actually perform the transfer,

(15:42):
but then again you're going to get the tax free
growth and then tax free withdrawals in the future. But
why would someone actually choose to do this, right, Generally
people are avoiding taxes and trying to defer them. Well,
pre tax retirement accounts they are fully taxable upon withdrawal.
So that's whether that's by you or by your your
beneficiaries if you don't, if you don't spend all your dollars,

(16:04):
but moving the money earlier it does allow you to
control the tax rate and you can be strategic about
how much you're converting and when you're doing it. And
one thing I mentioned there was you know, taxes are
due on your your pre tax withdrawals, either by you
or your heirs. So keep that in mind because your
beneficiaries or your heirs in many cases they are they

(16:28):
benefit the most from moalth conversions. So that's something you
want to talk through with your with your advisor, depending
on your goals. But then this can be a really
good strategy for taking a little bit more control over
your your tax liability. So let's look at an example here,
a recent retiree who maybe hasn't started Social Security yet,
or they there's no pension income for them. Maybe they

(16:50):
have a large retirement account and they do have you know,
maybe they saved up for a couple of years just
in their savings account before retirement, and they have tax
free dollars they can live off of for a couple
of years.

Speaker 1 (17:02):
Well, they're going to be in a.

Speaker 4 (17:02):
Really low tax bracket, and they actually might find it
advantageous to convert funds during those low income years, right,
fill up those those tax those lower tax brackets and
get more dollars moved over to WROTH before they actually
start their required minimum distributions. Right, So we're accelerating distributions
to lower future rmds. We're taking advantage of those lower

(17:26):
tax rates. There's lower tax brackets that they're in right now,
and it's generally most tax efficient when you do a
conversion to actually pay from a separate account like a
bank account for the tax rather than actually converting more
and then withholding dollars from the conversion, because it allows

(17:47):
you to get the most dollars into the WROTH and
the most tax free growth.

Speaker 1 (17:52):
Talking this morning with CJ.

Speaker 2 (17:53):
Glass and Eric Schwartz, they are our retirement planning professionals
from Class Financial. I hope you have a chance to
head on over to the website. If not, it's a
great time to do that right now. Class financial dot com.
That's Class k l aa S Financial dot com. Great
resource and website to learn more about colass Financial mentioned
the podcast. Not only can you listen back to this
in previous shows, you can also subscribe right online at

(18:14):
classfinancial dot com. While you're in the subscribe in mood,
do what I did. It's been a number of years
since I've signed up for the weekly Market Pulse newsletter.
It's a great weekly email you received from Class Financial.
Gives you a link to the most recent podcast. Also
some pertinent, important and important information about things that have
been going on in the markets. Again, just head on
over to class financial dot com. That's k l a

(18:34):
A S Financial dot com for that information. The telephon
number for Class Financial six oh eight four four two
five six three seven. Again that number six oh eight
four four two five six three seven. No charge for
that initial gets to know you appointment at Class Financial.
It will be complementary to you. You heard Eric allude
to what about kids, grandkids, the family? What does that
have to do when it comes to Roth conversions? Are

(18:56):
there reasons to be thinking wroth if you've got kids
or grandkids. With the tails from CJ and we'll do
the Money in Motion Class Quiz question week next. As
Money in Motion continues right here on thirteen ten, wu
ib A talking with CJ. Closs and Eric Schwartz. They
are our retirement planning professionals from Class Financial the website
Class financial dot com. That's Class k l a as

(19:18):
Financial dot com. They're telephone number six oh eight four
four two five six three seven. No charge for that
initial get to know your appointment at costs Financial. It
will be complimentary to you again that number six oh
eight four four two five six three seven. Talking this
week about Roth iras Roth four oh one ks Roth
conversions and CJ. If someone wants to leave assets to

(19:41):
maybe their kids or grandkids, does a Roth conversion?

Speaker 1 (19:45):
Does? Does that make sense in that case?

Speaker 3 (19:48):
Yeah? It can. Before I mentioned that, I just want
to pause on what Eric was just referencing there regarding
Roth conversions. Again, we often get people who go, what's
the difference between a conversion a contribution? And just remember
conversions are money that are already in a retirement account.
As Eric mentioned, that gets converted from a pre tax
bucket to a Roth bucket, and in so doing you

(20:09):
have to pay taxes. They the key element that Eric
was talking about. There is often between when you initially
retire and maybe when you turn on Social Security or
when you initially retire, your highest marginal income tax bracket
comes plummeting down. Now for a lot of you, you're like,
I don't know if I believe this. I don't understand. Listen,

(20:30):
I get it. I totally understand that you are skeptical.
But one of the biggest mistakes people can make is
assuming they're gonna get it from me in some way.
It just doesn't matter. Oh my goodness, that is not true.
That is just I'm not saying you're not gonna pay
any tax. I'm saying there is a high degree of

(20:51):
control that you have over what tax bracket you pay
and when. So, for those who are listening to Eric
talk about roth conversions, thinking, is this it's really a thing?
Should I really be slowing down and thinking about it? Absolutely,
especially if you are retiring and gonna not draw SOLI
security immediately. Okay, enough rambling about that. Just encourage you all.

(21:14):
Talk to your financial advisors, talk to your accounts about
this concept of lower marginal income tax brackets after you
initially retire. But yes, coming back to your original question, Sean,
you know, hey, how does this what does this mean
for children and grandchildren? You know, should I be considering
roth conversions. If I care about legacy goals, and the
answer is absolutely now, it doesn't mean you're gonna do it.

(21:37):
It just means it should be an absolute consideration if
you care about legacy goals for the children and grandchildren.
The Secure Act now requires non spousal beneficiaries. And when
I say non spousal, just mean it means anybody but
your spouse. That they have to take out all the
money from those retirement accounts when they inherit them, generally speaking,

(22:00):
within ten years. Okay, So imagine that I leave a
pre tax traditional IRA to my children, say my wife
has predeceased me. I leave money to my children and
they are adults. If I leave them a million dollars
in a retirement account that is pre tax, each one
of my children has ten years to get all that

(22:22):
money out. And if I leave it to them too
early and they're working, what do we just talk about.
When you're working, your highest marginal income tax bracket is
typically higher. And then I leave them this retirement account,
I mean, don't mis hear me. That's great and all
my children are going to really appreciate that. But the
marginal bracket that they're going to pay income taxes on
as they pull that money out over the next ten years. Yeah,

(22:43):
it's going to be really high. So, as you can imagine,
this leads to saying, well, could Dad have done anything different? Now,
if Dad dies young and unexpectedly, then the answers generally know.
But if Dad would have been a little bit more strategic,
and in this case, Dad is me in this, if
Dad could have been a little bit more strategic, what

(23:05):
Dad could have done is when he initially retired and
his income was lower because he's just living off excess savings,
and maybe if social securities turned on, but marginal income
taxes have come plummeting down, Dad could have converted those
traditional IRA dollars to wroth quote unquote, leveling out his
tax liability throughout his retirement, and then when he died

(23:27):
he would have left the children Wroth money. Now, interestingly enough,
Wroth money still has to come out of the Wroth
irate to non spousal beneficiaries within ten years. So the
same rule of it, I got to get the money
out in ten years applies to my children. But what's
the difference. It's tax free, that's the difference. So That
is the whole concept here of if I'm going to

(23:49):
leave money to my children or grandchildren who might be
in their peak years when they receive this inheritance, one
thing I might want to really slow down and consider again.
If legacy planning is one of my goals, and if
I'm confident that I can leave money to to them,
I may want to really slow down and consider doing
a Roth conversion before before I die.

Speaker 2 (24:10):
Great great guidance this week and a really fantastic show.
By the way, If you missed any part of the program,
don't forget you can always listen back online Coss Financial
dot com. That's Closs k l a A S Financial
dot com. Great website and subscribe and listened back to
the podcast all on the website. Classfancial dot com. Tel
for number six O eight four four to two five
six three seven. No charge for that initial gets no

(24:32):
appointment at Loss Financial. It will be complimentary to you
again their number six O eight four four two five
six three seven talking this week with CJ. Closs and
Eric Schwartz, and I mentioned the telephone number, went hold
on to it because it's time now for the class
quiz question. The week works like CJ. By the way,
was there something you want to add there? I also
I started talking like I think we CJ have somebody.

Speaker 3 (24:53):
I have one of them.

Speaker 2 (24:54):
Okay, you know you and I've been doing the show
together log enough kind to get a feeling like I'm.

Speaker 1 (24:59):
Like, I feel like, c you want to add one.

Speaker 3 (25:00):
More and you can sense it from two miles away.
You can sense Sean stop. Hey. One other thing everybody
often I mentioned that when your income goes down, So
when you retire, say sixty sixty five, whether you turn
on Social Security or not, again, generally your highest marginal
income tax bracket comes plummeting down again. If you don't

(25:21):
believe me on that, just come and I can show
you a number of different models of why that happens.
But then at seventy three or seventy five, typically these
things called required minimum distribution kick on, which then jacks
your income back up to those similar higher income tax brackets.
So it is really in that range of if you
retire before your require distribution age, or even if you

(25:41):
partially retire and your income is way lower, it is
in those years that often Roth conversions should come into play.
In final thought, here we have become so wealthy as
a society that people like Eric and I sit around
and talk about these tax maneuvers that are really great,
really really really great. But if you are sitting here
saying legacy goals, I'm just hoping to be able to

(26:03):
support myself, that's fantastic. God bless you and like and
by the way, we work with tons of people who
are not doing roth conversions, right, because really roth conversions
are for those people who say, I'm probably pretty good
here and I have so much that I'm gonna leave
extra to my kids and grandkids. So just understand, you know,
kind of the lifestyle the rich and famous here. If

(26:23):
that doesn't apply to you, don't feel guilty, and know
that we work with a lot of people who do
not do this because they're focusing on, you know, making
sure they don't run out of money themselves.

Speaker 2 (26:33):
Really good and thank goodness, I asked you, I had
a feel and there was something that's something to add
there and a really good perspective for sure.

Speaker 1 (26:39):
From CJ.

Speaker 2 (26:40):
Closs and Eric Schwartz, our retirement planning professionals from Class
Financial mentioned the website class financial dot com that's colss
K l AA S Financial dot com. They're tough number
six O eight four four two five six three seven.
No charge for that initial get to know you appointment
at Loss Financial hich will be complimentary to you.

Speaker 1 (26:56):
Again.

Speaker 2 (26:56):
They're number six O eight four four two five six
three seven. You want to hold on to that number
now because it's time for the class quiz Question the week.
It works like this and just a moment, I'll ask
you the class quiz question a week. Well, then if
thirty minutes from the today's program, call the Class Financial
Office right here in Madison at six oh eight four
four two five six three seven. If you are the
first cost correct answer, you win this week's prize, which
is a twenty five dollars gift cards to Texas Roadhouse.

(27:19):
This week's coss quiz question the week is this true
or false? A wroth Ira conversion means you are paying
taxes on the converted amount now in the year of
the conversion to enjoy tax free withdrawals later. Is that
true or is that false? Telephon number six oh eight
four four to two, five, six three seven. If you
are the first cost correct answer, you won a twenty

(27:40):
five dollars gift card to Texas Roadhouse. And don't forget
that's class Financials office right here in Madison at teleph
number six oh eight four four two five six three seven.

Speaker 1 (27:48):
C Jay Eric.

Speaker 2 (27:49):
It's always great talking with both of you, guys. Enjoy
this beautiful day and we'll do it all again real soon.

Speaker 1 (27:54):
Thanks Sean, Take care guys. Th Sean see Eric. Doctor
Marty Greer joins US next year on thirteen ten w
I b I