How Old is Too Old for a Roth Conversion?

Taxes are set to increase in 2026. And even though it may not feel like it, we are living in a time of historically low tax rates.  In this video, Dustin with Mundorf Wealth Management and Erin Kennedy talk through the pros and cons of a Roth Conversion for someone in their 70's.

First, the pros: if you convert your IRA to a Roth IRA, you and your beneficiaries will have tax-free withdrawals, all future growth will happen tax-free, and you'll have no Required Minimum Distributions, which means more control over your distribution strategy.

But before you convert, you should also consider the cons: when you convert, you will pay all those taxes upfront, which could mean a big tax bill in April. And even though today’s tax rates are historically low, there is uncertainty over future tax rates: they could go higher, they could go lower.

If you are in your 70's and considering a Roth Conversion, please feel free to reach out to Dustin. Just text or call the number on the website, or book a free chat by visiting www.LongLiveMyMoney.com

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