{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The 3 Questions You MUST Answer BEFORE Doing a Roth Conversion","description":"David McKnight addresses three key questions you must be able to answer before executing a single Roth conversion. Too many people go for Roth conversions without a game plan \u2013 this is something that can lead to overpaying taxes and running out of money sooner than anticipated. David points out that if you can\u2019t answer the three key questions, you should stop and reevaluate because guessing here can cost you big. \u201cWhat\u2019s the total amount I should convert from my IRA or 401(k) to tax-free?\u201d is the first and most critical of the three questions. Remember, the goal of a Roth conversion isn\u2019t to get your tax-deferred bucket to zero at all costs. It\u2019s to get to the right amount of tax-deferred dollars shifted to tax-free, the amount that allows you to stay in the 0% tax bracket in retirement. \u201cHow much should I convert each year?\u201d is the second question and is about pacing your conversion so as to avoid unnecessary exposure to higher tax brackets. The goal is to convert to Roth slowly enough that you don\u2019t rise into a tax bracket that gives you heartburn. \u201cOver what time frame should I complete my Roth conversions?\u201d is the third question you should address before executing a Roth conversion. Addressing each of the three questions helps you shift from Roth conversion guesswork to Roth conversion strategy. Be careful. Most financial gurus will say \u201cRoth conversions are great, just pay the tax and move on!\u201d     Mentioned in this episode: David\u2019s new book, available now for pre-order: The Secret Order of Millionaires David\u2019s national bestselling book: The Guru Gap: How America\u2019s Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com OBBBA (One Big Beautiful Bill Act) Donald Trump David Walker ","author_name":"The Power Of Zero Show","author_url":"http:\/\/davidmcknight.com\/","html":"