Converting to a Roth IRA. We will look at:

• the factors in your decision,
• what it might cost, and
• provide some general guidelines to help you determine if converting to a Roth IRA is a good idea.

The Roth IRA is one of the greatest retirement savings programs ever created. You make after-tax contributions. Your money compounds tax free for your retirement. Contrast this to the old way of doing things. You get a tax deduction for your contributions. Your money grows tax deferred. When you retire and use it for income, 100% of those distributions are taxed.

You can convert your existing IRA to a Roth IRA. This means you pay the taxes today, and the money then grows tax free over time. But should you?

To learn more and to see some charts and details discussed please visit:  https://flemingwatson.com/should-you-convert-to-a-roth-ira/

Pre-tax 401k or Roth 401k, which is better? This is a question we received from a listener. We dig into what goes behind your decision and nerd out the math.

To learn more and see the charts we used in this episode, please visit:  https://flemingwatson.com/pre-tax-401k-or-roth-401k/

How will inheriting money impact your income taxes? This is a common question we hear from both the heirs and the people leaving the money. Today we talk about the basics of retirement accounts, Roth IRA's, and other types of accounts.

To learn more, please visit: https://flemingwatson.com/how-does-inheriting-money-impact-your-income-taxes/