Wealthcasts

Pros and Cons of Converting to a Roth IRA

Martin Shenkman and Jonathan Blattmachr discuss whether clients should convert their IRAs to Roth IRAs.
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Getting clients to start saving for retirement is a challenge in itself. Maximizing the tax benefits of how they do so is the next step.

In this episode, Marty and Jonathan go over some IRA conversion basics, such as:

1. What is regular IRA?

2. What is a Roth IRA?

3. If you convert an IRA to a Roth what are the tax consequences?

4. What can you do to offset the costs of conversion?

5. Should you retain some funds in a regular IRA for QCDs

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