Podcast Episode 18: Forever to Never Tax, with Roth Conversions

by Financial Design Studio, Inc. / May 30, 2023

What if you never had to pay taxes again? With the Roth conversion, this is actually possible! In this episode, we cover everything from taxable accounts to the mega backdoor Roth conversion.

Experienced Fee Only Financial Planner in Deer Park
Jake Turner, Financial Planning Associate, and Michelle Smalenberger, CFP®

Behind the Designs Ep 18 : Forever to Never Tax, with Roth Conversions

Take a listen right here, or head over to your favorite steaming platform!

Key Moments

1:19 What is the tax treatment for different accounts?

4:22 What do taxes look like in retirement?

9:08 What do Roth Conversions do?

16:58 What details do you need to know about Roth Conversions?

23:56 When should you not do a Roth Conversion?

28:00 What if you can’t do a Roth Conversion? (Alternative Strategies).

Links for Forever to Never Tax, with Roth Conversions

Learn more about why taxes are on sale in this short, or this podcast.

Read more about the SECURE Act, and watch this video to learn about its Impact on Inherited IRAs.

Watch a video on Required Minimum Distributions (RMDs) or Asset Location.

Better understand Restricted Stock Units with our article.

Watch these videos to learn more about alternative strategies : the Backdoor Roth Conversion and the Mega Backdoor Roth Conversion.

Stay Connected!

If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about certain topics. We’ll see you in the next episode.

Credits for Episode 18

Executive Producer : Anna Lewis

Host : Michelle Smalenberger, CFP®

Guest : Jake Turner, Financial Planning Associate

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Financial Design Studio, Inc.

We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.