#499 - Should I Do a Roth Conversion?
Do you think the Roth conversion question is an essential part of retirement planning? If you do, you haven’t been paying attention to my podcasts!
In this episode of the Retirement Answer Man show, we’ll work through how you can build a framework for deciding whether you should do Roth conversions. If you listened to the Roth conversion series you can’t miss this episode.
How to decide to do Roth conversions
The non-negotiables of retirement planning are these: vision, creating a feasible plan, and making that plan resilient. Only after we have all of these essentials in place do we begin to think about optimizing our plan.
To work through major decisions I like to use the acronym OODA–observe, orient, decide, and act. Press play to hear how I walk through each of these components so that you can learn to decide whether Roth conversions would be one way to optimize your resilient retirement plan of record.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
PRACTICAL PLANNING SEGMENT
[2:30] Books I read last month
[5:12] Framework for building a Roth conversion
[15:42] Considerations for making a Roth conversions
[22:07] How to decide
LISTENER QUESTIONS
[27:21] Jeffrey appreciated the how of Roth conversions
[28:05] A comment on the pro rata rule
[29:15] On funding the years between retirement and pension
[35:06] On HSA funding strategies in the final year of work
BRING IT ON
[38:41] On shifting your mindset
[42:00] What thread are you carrying on?
TODAY’S SMART SPRINT SEGMENT
[42:35] Schedule a time to go through an OODA loop to decide on your Roth opportunity
Resources Mentioned In This Episode
BOOK - Seveneves by Neal Stephenson
BOOK - Cryptonomicon by Neal Stephenson
BOOK - Reamde by Neal Stephenson
BOOK - All Quiet on the Western Front by Eric Maria Remarque
BOOK - Dead Fall by Brad Thor
Episode 495 - The Rules for Roth Contributions
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center