downrod
Dryer sheet aficionado
I am currently less than 4 yrs from retirement. I am doing a lot of reading about withdrawal strategies and it sounds like Roth conversions are a big part of the picture for many people.
I brought this up with my current Vanguard advisor, and he said that it is very rarely advantageous to do so, and he seemed completely uninterested in doing any conversion with my accounts. Am I missing something here?
The Roth portion of my portfolio is very small ( less than 4%)
Total portfolio 1.25M
Tax Deferred 71.27%
Roth 3.69%
Taxable Account 5.94%
Cash-Savings 19.10%
Assuming that ACA is the rule of the land at that time, I will be on it for 6 months before Medicare kicks in, and my wife will be on it for 7 additional years before she is eligible for medicare
Looking at my situation, does a Roth conversion make sense? If so, when and how would you go about that? Should I ignore my advisor's advice?
I dont understand what the factors are that make a Roth conversion make sense and when it doesn't. I would appreciate any help. Thanks!
I brought this up with my current Vanguard advisor, and he said that it is very rarely advantageous to do so, and he seemed completely uninterested in doing any conversion with my accounts. Am I missing something here?
The Roth portion of my portfolio is very small ( less than 4%)
Total portfolio 1.25M
Tax Deferred 71.27%
Roth 3.69%
Taxable Account 5.94%
Cash-Savings 19.10%
Assuming that ACA is the rule of the land at that time, I will be on it for 6 months before Medicare kicks in, and my wife will be on it for 7 additional years before she is eligible for medicare
Looking at my situation, does a Roth conversion make sense? If so, when and how would you go about that? Should I ignore my advisor's advice?
I dont understand what the factors are that make a Roth conversion make sense and when it doesn't. I would appreciate any help. Thanks!