Should You Convert to Roth IRA All at Once or Over Time? - Your Money, Your Wealth® podcast #251

Today on Your Money, Your Wealth® podcast #251 with Joe Anderson, CFP® and Big Al Clopine, CPA: How much of a Roth conversion should you do and when? Does it make sense to convert to a Roth IRA all in one year, or to do it over time, based on your age? Joe and Big Al explain the reasoning behind their answer to this common retirement investing question. Plus, converting from a thrift savings plan (TSP) to a Roth, limits when contributing to retirement accounts and a traditional IRA, and doing the tax math to decide if a Roth conversion is right for you. Ask money questions, read the transcript & access free financial resources:

00:36 - Should I Convert TSP to Roth? Would I Lose My NY Tax Deduction?

10:44 - Can I Contribute to by Traditional IRA After Retirement Accounts?

16:01 - How Many Roth Accounts Can Each Person Have?

18:16 - Should We Convert to Roth All At Once Or Over Time?

27:25 - I Would Pay Significant Capital Gains Tax from Selling Stock to Pay Roth Conversion Taxes. Is a Conversion Still Right For Me?

Schedule a free assessment with one of our CFP® professionals at Pure Financial Advisors:

Subscribe to our channel and stay tuned for the next episode of the Your Money, Your Wealth® TV show:

Subscribe to the YourMoney, Your Wealth® podcast:

IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

roth ira conversion,roth conversion,convert to a roth ira,should you convert to roth ira all at once or over time,how much to convert to roth,when to do a roth conversion,roth conversion taxes,Your Money Your Wealth,YMYW,Joe Anderson,Alan Clopine,Big Al Clopine,Pure Financial,Pure Financial Advisors,roth ira conversions,retirement planning,2019 retirement contribution limits,how many roth iras can you have,how to pay tax on a roth conversion,