Village Tavern: Roth Conversions: Worth the Tax Bill?
October 21 @ 11:30 am – 12:30 pm EDT
Free Retirement LUNCH Seminar
Understand the tax tradeoff before making a decision.
A Roth conversion generally means paying income tax on previously untaxed retirement savings in the year you convert. The potential benefit comes later: qualified Roth IRA withdrawals can be free of federal income tax.
Join Asset Guard for an educational seminar about how Roth conversions work, what to consider, and why the decision depends on your retirement plans and tax situation.
October 21 | 11:30 AM
Village Tavern | Winston Salem
*Complimentary Meal Included, no obligation
This educational event is designed for adults age 50+ who are retired or approaching retirement and live in the Triad area. Spouses and retirement-age guests are welcome.
WHO SHOULD ATTEND?
This event may be helpful if you:
- Are retired or approaching retirement
- Have savings in a traditional IRA or an eligible employer retirement plan
- Want to understand the difference between Roth contributions and conversions
- Want to learn how taxes may affect retirement withdrawals
- Have heard about Roth conversions but aren’t sure how they work
WHAT YOU’LL LEARN:
- What a Roth conversion is and how it differs from a Roth IRA contribution
- Why a conversion can create taxable income in the conversion year
- What makes a Roth IRA withdrawal qualified for federal income tax-free treatment
- Why timing, income, and the amount converted matter
- How the money used to pay conversion taxes fits into the decision
- Why converting all, some, or none of an eligible account requires careful consideration
- Questions to discuss with a qualified tax professional before moving forward
Event Schedule
11:15a
Doors open, check in and order dinner.
11:30a
Presentation begins
12:15p
Q&A
12:30p
Presentation concludes
What Is a Roth Conversion?
A Roth conversion moves eligible retirement money into a Roth IRA. It changes how that money is treated for tax purposes.
A conversion is different from making a new annual contribution. Understanding that difference is an important first step.
The Tax Cost Comes First
The previously untaxed portion generally becomes taxable income for the year of the conversion. That cost needs to be considered alongside any potential future benefit.
A conversion should be reviewed in the context of the full tax picture, rather than considered on its own.
The Decision Belongs in a Bigger Plan
Retirement income needs, other savings, access to money, and the time before withdrawals begin all belong in the conversation.
This seminar will help you understand the questions to ask before deciding whether a conversion may fit your circumstances.
PRESENTER
Mike Carpenter, Sr.
Mike Carpenter is the Owner and CEO of Asset Guard, Inc. With over 35 years of experience helping individuals and families prepare for retirement, Mike focuses on making complex financial topics easier to understand. His educational presentations are designed to help retirees and pre-retirees ask better questions, understand their options, and make more informed decisions about their financial future.
Reserve Your Complimentary Seat
Seating and meals are limited.
Village Tavern: Roth Conversions: Worth the Tax Bill?
October 21 @ 11:30 am EDT
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This event is provided for general educational and informational purposes and is not intended as individualized investment, insurance, legal, or tax advice. Investing involves risk, including the possible loss of principal. Past performance does not guarantee future results. Individual circumstances and results vary. Asset Guard does not provide legal or tax advice. Please consult qualified legal or tax professionals regarding your individual circumstances. Please read our privacy policy and terms of use for more information.
