Best practices on how to view Roth conversions has shifted now that SECURE 2.0 has changed the age for required minimum distributions up to age 75 beginning in 2033. In this episode of the PFP Section podcast, Bob guides you with what to be thinking about as you make decisions with your clients this year, including:

Tax brackets, outside funds to pay the tax on the conversion, and deferral have always been the main factors in deciding whether converting to Roth makes sense
When looking at the brackets and tax rates in the year of conversion versus the year of withdrawal, look through the eyes of the married couple, the surviving spouse, and the children
Understand the charitable intent of your clients and what they have that will offset the conversion income
How the SECURE Act, estate taxes, GST, and special needs trusts impact decision making

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links.

Review Bob Keebler’s latest decision charts in the Proactive Planning Toolkit, including the Roth conversion decision chart.
Check out Ross Riskin’s chart, Visualizing Roth changes from SECURE 2.0.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Roth conversion planning in 2023 {PFP Section}

AICPA Personal Financial Planning (PFP)