I've converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?
Briefly

from 24/7 Wall St.1 week ago
A Roth IRA offers several advantages for retirement savings, including tax-free withdrawals and gains. However, it’s not advisable to rely exclusively on Roth accounts, as having some taxable retirement income may provide strategic benefits as well. An example is given of a Reddit user at 46% in Roth and being cautious about further conversions. Working with a financial advisor can ensure a well-rounded approach to retirement savings, thus safeguarding against potential tax changes and maximizing benefits.
It's crucial to find the right balance in your retirement savings strategy, mixing Roth accounts with traditional plans to optimize potential tax benefits.
24/7 Wall St.https://247wallst.com/personal-finance/2025/03/21/ive-converted-46-of-my-nest-egg-to-roth-am-i-overshooting-my-target-with-more-conversions/
Roth IRAs provide tax-free withdrawals and gains; however, having some taxable retirement income can also be beneficial for future tax flexibility.
24/7 Wall St.https://247wallst.com/personal-finance/2025/03/21/ive-converted-46-of-my-nest-egg-to-roth-am-i-overshooting-my-target-with-more-conversions/
Read at 24/7 Wall St.
#roth-ira #retirement-savings #financial-planning #tax-strategy #investing
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