That Financial Guy
That Financial Guy is a podcast dedicated to making financial planning and investing easy to understand and to implement. Keith and Jack Wilson are practicing financial advisors who own a financial planning firm, Wilson Financial Advisors. They are a father and son team "spreading a wealth of information" helping you along your personal finance journey. Whether its personal finance including investments, retirement planning, estate planning, financial planning, college funding, budgeting and more you will find it here! Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
That Financial Guy
Are Roth Conversions Overrated? Real Stories You Need to Hear
Everywhere you turn these days, people are talking about Roth conversions like they’re the ultimate retirement hack. But from what I’ve seen in working with real families, the truth is… Roth conversions can be overrated.
In this episode of That Financial Guy Show, I share real stories from my own clients — times when a Roth conversion made sense, and times when it would have been a costly mistake.
You’ll hear about:
- A client who almost converted in his peak earning years (and why that would’ve been a tax disaster).
- A retiree who thought she needed to convert late in life (but the math said otherwise).
- A couple ready to convert, but who didn’t realize paying the tax out of their IRA killed the benefits.
- Families who did get it right — using gap years before Social Security and big IRAs that would’ve caused huge RMDs later.
Here’s the bottom line: Roth conversions are a tool, not a cure-all. For some people, they’re brilliant. For others, they’re unnecessary and expensive.
If you’ve ever wondered, “Should I be doing a Roth conversion?” this episode will give you the clarity you need.
Helping you to be wise with your money!
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