One of the smallest accounts Chris Heerlein and his team at REAP Financial typically see is the Roth IRA. It makes sense, he says, because you pay taxes on the money as you put it in, so, it’s something a CPA might encourage you not to do. But, he says, paying taxes on the money up front means it’s worth so much more as you withdraw from it during retirement.
In this week’s episode of Retire Ready, Chris explains the concept behind a Roth Conversion and outlines when and how you might consider making it part of your retirement planning.
The Retire Ready team is also giving out free copies of their guide Road Map to Retirement Income. You can get a copy by emailing firstname.lastname@example.org.
Sponsored by REAP Financial. The information, advice and answers displayed in the 512 Experts, Austin Experts or 512 Health, Austin Health sections are those of individual sponsors and not KXAN-TV/Media General. KXAN-TV presents this content on behalf of each participating sponsor. Sponsored content is copyrighted to its respective sponsor unless otherwise indicated.