Emotional Wealth
Emotional Wealth is an American video, podcast, and Blog hosted by Wealth Advisor, Lon W. Broske, CFS®, CFP®. Using the current most relevant financial climate and topics, Lon is able to give his opinion on what is really going on with your finances. Topics include stock market performance, retirement savings, current events and how they impact the financial climate, general financial education and tips, and much more! Investing involves risk. Loss, including loss of principal, may occur. No investment strategy can guarantee positive results, nor can it protect against loss in periods of declining markets. Past performance does not guarantee future results. Thank you. Securities offered through Royal Alliance Associates, Inc. (RAA), member FINRA/SIPC. Investment advisory services offered through Pines Wealth Management, LLC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA. 11475 Olde Cabin Road #220 St. Louis, MO 63141 Phone: 314-432-2334
Emotional Wealth
"Should I Make a Roth IRA Conversion?"
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Lon Broske, CFP, CFS
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Season 1
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Episode 2
What are the mechanics behind a Roth Conversion?
- Mechanically, this strategy involves converting savings from a pretax retirement account, such as 401(K) or a Traditional IRAs, to a tax-free Roth IRA.
What are the primary items to consider?
- Current and Future Tax Brackets
- Expected Income Sources
- Types and Amounts in Different Investment Accounts
- Time left until withdrawals needed
- Comfort Level with Investment Risk
Is a Roth Conversion right for you?
- While this strategy can help you save tax, it involves analyzing multiple pieces as well as your timelines in your financial picture.