Episode 395: Should I Do a Roth Conversion in my 60s?

Today's episode of The Power of Zero Show revolves around a question host David McKnight gets asked all the time: "Should I still be doing Roth conversions in my 60s, even if I'm already retired?" In short, David believes that you should not only do a Roth conversion in your 60s, it's actually one of the most optimal times in your entire life to do it. When doing a Roth conversion, you're choosing to pay the IRS its portion of your IRA now, on your terms, instead of paying it a much larger portion later, on their terms. That's why Roth conversions don't only make sense for younger people but for retired folks too. Remember: with Roth conversions, you're not catching up because you're not behind. You're locking in a lower tax rate today to avoid a much higher tax rate down the road. David explains why the so-called "retirement income valley" is a strategically perfect time to do a Roth conversion. The 32% tax bracket is David's least favorite tax bracket, which he recommends avoiding at...