60, Retiring Soon, and Wondering About Roth Conversions

Send us Fan Mail 📱 Want expert help in planning for your financial future? Schedule a check-in meeting with Steve:  https://calendly.com/steven-powerhouse-advisor/sce-employee-401k-retirement-meeting?month=2026-05 ⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html "I'm 60, probably retiring in 5-6 years, and I just learned about Roth conversions. Is this something I should be doing?" This is a listener question we hear a lot, and the honest answer is: it depends. Steve digs into what it actually depends on. Roth conversions aren't right for everyone, and they're not wrong for everyone either. The only way to know is to run the numbers on your specific situation, not someone else's. Here’s some of what we discuss in this episode: ⏰ Early Conversions: Using time before retirement 📈 RMD Concerns: Reducing future forced withdrawals ✂️ Cash Needs: Paying conversion taxes separately 🎯 Good Candidates: Identifying when conversions may fit 📊 Gradual Strategy: Converting smaller amounts over time ⚠️ Tax Risks: Avoiding oversized conversion mistakes Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your financial check-in meeting with Steve: https://calendly.com/steven-powerhouse-advisor/sce-employee-401k-retirement-meeting?month=2026-05  Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: [email protected] LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the accuracy, completeness, or suit...