Should I Consider Doing A Roth Conversion?

[Checklists and Flow Charts] - Should I Consider Doing a Roth Conversion? | The Retirement Planning Group

There are a lot of important considerations to weigh before doing a Roth conversion.

As a result of the current market condition and changes due to the SECURE Act, Roth conversions are becoming an important strategy that investors could consider when asking “Should I convert to a Roth account?”.

This flowchart addresses some of the major decision points to help guide you through the conversation.

This flowchart covers:

  • Changes in marginal tax rates for clients (or their heirs)
  • Ability to pay the associated tax with cash outside the retirement account
  • Five-year rule implications
  • Impact of income-based programs (IRMAA)