Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
We come across people all the time that have a drive to get educated when it comes to financial planning but it’s important to be aware of where you’re getting that information. Reading books or searching for information is great, but how applicable is that research to your financial plan?
In this episode, Toni and Tad will highlight some basic planning topics that can easily be misunderstood unless you have a thorough grasp of the financial world. Sometimes it’s best to get back to the basics and that’s the goal today.
If you ever have questions about your investments or your plan, reach out to a financial professional to get more clarity. It’s always essential that you understand everything about your portfolio.
Here’s some of what you’ll learn in this episode:
· The importance of education for our clients. (0:23)
· Discussions we’ve had with clients about Roth conversions. (1:47)
· Not all people in financial services focus on retirement planning. (6:28)
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
