Coronavirus Market Fears and 7 Roth Conversion Strategies - Your Money, Your Wealth® podcast #263

Today on Your Money, Your Wealth® podcast #264 with Joe Anderson, CFP® and Big Al Clopine, CPA: the COVID-19 Coronavirus has generated stock market volatility in the past week not seen since the Great Recession, so your impulse might be to move your retirement investments to savings. Joe's take: "If you have enough money, then get the hell out... and then don't go back in." Listen for more. Plus, when to do a Roth IRA conversion, the pro-rata and aggregation rules, spousal conversions, Roth contributions and more. Send in money questions, read the transcript & access free financial resources:

00:44 - Coronavirus Fears: Should We Move Investments to Cash?
11:14 - Can I Do a Spouse to Spouse Roth Conversion?
13:02 - Should I Go All Roth Contributions and Should I Start Converting Now?
19:18 - How Much Can I Contribute to a Roth If My Income is $125K?
22:43 - When Should I Do Roth Conversions and How Much?
28:07 - When Is It Prudent to do a Roth Conversion?
30:38 - Clarifying the Roth Conversion Aggregation Rule
35:43 - Calculating MAGI for Roth Contributions

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

#Coronavirus #RothIRAConversion #YourMoneyYourWealth

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