The Market’s Down: Is This a Good Time For a Roth Conversion?- Episode 115

A little over a year ago, when the markets were sitting at all-time highs, we addressed the wisdom (or maybe lack thereof?) of converting a traditional IRA (or 401k) to a Roth. Since taxes must be paid in the conversion process, we wondered if high valuations would make it less desirable at that time. The markets in 2022 have not been so kind to investors, as values across the board have come down, in some cases significantly. Given these circumstances, are lower stock values any better for those who want to convert? Or are other factors also at play when making this decision? Podcast host Johnny Dean speaks with his guest, “Professor” Rick Plum, CFP® about what you still need to consider when doing a Roth conversion in this week’s episode of Managing Your Financial Future!