Shownotes
In this episode, Nick highlights the importance of timing when converting a traditional IRA or 401(k) to a Roth IRA. He explains how strategic conversions—timed to take advantage of lower tax rates during low-income years, stock market downturns, and other unique situations—can lead to significant savings. Nick also dives into the mechanics of IRA conversions, covering tax implications and timing strategies to help you maximize tax-free growth and boost your retirement savings.
03:25 Understanding Proactive Financial Advice
04:06 The Gambler's Wisdom
05:36 Challenge of the Week: IRA and 401k Statements
05:53 When to Convert a Traditional IRA to a Roth IRA
09:57 Tax Implications of Roth IRA Conversions
12:11 Does a Roth IRA Conversion Make Sense for You?
Special Thanks to Our Sponsors: Steer CRM and Auto Shop Answers
Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.
Auto Shop Answers is an industry-leading automotive shop training program led by Todd Hayes, COO of Adams Automotive in Houston. Learn more at autoshopanswers.com.
Connect with Papakyrikos, CPA: The GPS to Your Business Success
