Should You Do a Roth Conversion in Retirement?

A viewer asked if they should do a $10k Roth conversion in retirement. Here is what should be considered before you do so.

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

[GaryWetz]

Another concern you need to be aware of if you are Roth conversion will impact your calculated income used to determine your Affordable Health Care credits if you are using this method to bridge your healthcare needs to medicare. In most cases the conversion will significantly reduce the credits.

[SideWays]

In 60s? Should be in title. Some retire decades earlier.