What are the benefits of Roth conversions in retirement planning? James addresses questions about when Roth conversions become worthwhile.
This episode explores key factors:Changes in tax bracketSpousal scenariosImpact of portfolio size on tax savingsPotential tax savings tend to increase with a higher portfolio balance but be careful not to take unnecessary Roth conversions. James explains different strategies to optimize tax planning.Questions answered:Is there a specific portfolio value at which Roth conversions should be considered?Why might one choose not to do a Roth conversion, and what are the alternatives?Timestamps:0:00 Intro3:14 Scenario6:47 Tax bracket11:15 Provisional income14:27 Spousal scenario16:45 Bottom line20:29 Outro
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