Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion.
In short, the 5 reasons were:
- Shadow taxes
- No undo button
- Lack of cash flow to pay the tax bill
- You simply don’t want to
- Future charitable giving
Today I’m sharing three (more) reasons why Roth conversions might not make sense and why it may be ok to leave money in your pre-tax IRA.
In fact, one of the reasons includes a creative way to pay for long-term care expenses in retirement. 😳
If you’re ready to continue learning about this popular tax strategy and better understand when it doesn’t make sense to pursue it, today’s episode is for you.
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- Stay Wealthy Episodes Mentioned:
- IRS Publication 502: Deducting Medical and Dental Expenses
- States That Don’t Tax Retirement Income [Bankrate]
