Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, rec ...
Manage episode 279275376 series 1129321
With politicians in Washington bent on adding to the national debt without mercy, more people want to do Roth conversions. The idea of being tax free for life has quite a ring to it! As appealing as ROTH conversions sound, pain is involved so you need to be ready for it. On top of that, they don’t always make sense-- according to many CPAs-- especially the closer you get to age 70 and above. That said, a Roth IRA can be a powerful tax planning tool. And, while tax rates are low courtesy of the Trump administration's The Tax Cut and Jobs Act this may be your last best chance to get serious about converting. Today, we'll review the conversion strategy known as "filling the middle brackets", and another known as "Back-Door Roth" strategy. Then Medicare expert Shelley Grandidge joins us for the Q & A. A fact-filled show for you today that you surely don't want to miss...... MASTERING MONEY is on the air!!!