Retirement: Roth Conversions

  • 27th May 2025
  • 2 min read

Bill Kish sent me a note and suggested I share this article.

https://fiduciary.comparisonadviser.com/advertorial/are-roth-conversions-worth-it/

Bill went on to describe his current situation:

  1. Current income is Social Security and a small pension.
  2. Age 67 so some years before RMDs are required.

So Bill is going to convert some IRA funds to a Roth IRA this year.

Bill's note timing was interesting because I had been watching the following video on this subject just this week.

I'm 60 With $2M in My 401(k): Why I'm NOT Converting to Roth https://www.youtube.com/watch?v=kuvyaJVpL9M

Like Bill, my income is low, so it would seem to make sense to do some Roth conversions. However my financial advisor didn't seem to think that would be a good idea this year. I'm going to wait till October when I should have a much better idea of what my income will be this tax year, and bring up Roth conversions again.

I still believe, if you're still working, you should fill up your Roth IRA every year. The new Roth 401k option that was rolled out the year I retired is also interesting. The following article may be worth a look:

https://www.fidelity.com/learning-center/smart-money/roth-401k-vs-roth-ira

After I sent this original note, I watched this video and thought it was excellent!

I'm 64 with ALL PRE-TAX (401K / IRA) - How Do I Minimize Taxes? https://www.youtube.com/watch?v=RSj_C535C_0