BUSINESSMARKETWATCH
Am I too old for Roth conversions? I’m 84 and my wife is 77. We have $8 million saved.
The individuals questioned whether they are too old for Roth conversions while mentioning that they have $8 million saved. They stated a reluctance to pay a financial adviser 2% of assets, which equates to approximately $160,000 per year.
Related Signal
Adjacent reporting
- I’m 63 and a retired CPA. I have a $1.2 million 401(k). Do I need a Roth conversion?
- We’re in our 50s and have $1.5 million in traditional 401(k)s. Is it too early to start Roth conversions?
- Roth conversions as early as your 20s and 30s? It’s not a crazy idea.
- I’m 55 and retiring in 6 years. Should I be switching to Roth 401(k) now?
- My husband and I are 75. We have $1.5 million in stocks and $425,000 in savings. Is that too much cash?