Roth Conversions provide a unique opportunity to withdraw from your retirement savings taxfree, and have no required minimum distributions (RMDs), providing flexibility and potentially allowing the account to grow over time.

But are they right for most people?

Inspired by a comment from our viewer, Golden Griffon, Troy Sharpe examines reallife scenarios, comparing shorter versus longer life expectancies, single versus married couples, and varying IRA balances ($1 million vs. $2 million). He analyzes these variables and their profound implications for making informed decisions regarding Roth conversions.

00:34 Can we expect life expectancy to continue to increase?
02:46 Golden Griffon’s Comment: Why he believes Roth Conversions may not be right for most
03:34 Troy’s Response
04:46 Setting up the variables we’re going to analyze
05:53 The First scenario: Single male, 65 years old, $1 million in retirement accounts
10:33 Comparing Outcomes by Account Value Only
12:14 Will most people be in a lower tax bracket in retirement?
13:34 Which account composition would you rather leave to your kids?
16:21 Next Scenario: Changing life expectancy from 83 to 88
18:34 Unique considerations when it comes to doing or not doing Roth Conversions
21:25 The importance of monitoring, assessing and adjusting
22:33 Married Couple Examples

Thanks to @goldengriffon2423 for the great discussion!

➡ Do you need a Retirement Success Plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 4040177 or fill out this form for a free consultation: https://click2retire.com/rothlifeex...

Got questions or specific scenarios you'd like us to explore in future videos? Leave a comment below, and we may feature it in an upcoming episode. Your feedback is invaluable to us!

Also mentioned in the video:
I’m 62 with a $2 Million IRA, $700k in NonQualified Accounts: Which Distribution Strategy is Right?    • I’m 62 with a $2 Million IRA, $700k i...  

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Disclaimer:
This video discusses fixedincome investing and utilizes the 10year U.S. treasury as a general representative fixedincome investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixedincome assets. Other types of fixedincome products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.

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