MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Tax Goals - Convert to Roth

11 May 2023 · 0 min

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In this segment, Mark Kohler urges viewers to convert their traditional IRA assets to a Roth IRA. He acknowledges that individuals are in different tax brackets—some in high brackets (e.g., 40%) and some in low brackets (e.g., 10%)—and explains how each might view the conversion. Despite these differences, Kohler consistently recommends moving toward a Roth, arguing that as income grows, the Roth’s rate of return will outpace that of a traditional IRA, making it the superior choice over the long term.

When you want to start converting some of your IRA to Roth, I love it. I want you to convert to Roth. Now, some of you are like, well, I'm in this bracket or that bracket. I've got clients that are in their 40% bracket, and we're converting to Roth because they'll never pay tax again. I've got some clients that are in a 10% bracket, and they're like, oh, I don't want to convert to Roth. I don't want to pay the tax. All right, fine. So everybody's situation is different. But I'm going to say this. I want you converting to Roth. I want you to get there. The more money you make, the greater rate of return is the Roth will beat the traditional IRA every time.