3 Considerations before Making a Roth IRA Conversion

Roth accounts are an amazing tool when it comes to creating wealth.  Roth IRAs are not subject to probate and can be passed on to heirs tax-free. They also grow tax-free! If you're considering a Roth Conversion, Dustin with Mundorf Wealth Management and Erin Kennedy walk through 3 key considerations:

1. Your future tax rate
2. When will you need to access the funds?
3. Your beneficiary's future tax rate

Keep in mind, we are living in a historically low tax rate. Many financial experts believe that the Tax Cuts and Jobs Act of 2017 reduced federal income tax rates to the lowest level they may ever be, and those cuts are set to expire at the end of 2025. In other words, there has never been a better time to determine if a Roth Conversion is right for you.

If you'd like to crunch the numbers with Dustin, just text or call the number on the website, or book a free chat by visiting www.LongLiveMyMoney.com

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