The Many Reasons to Roth, and How Long You'll Live

Robert Brokamp interviews Dan Caplinger about the benefits of Roth retirement accounts, including tax-free withdrawals, no required minimum distributions, potentially lower taxes on Social Security, easier access to money before age 59 and a half, and leaving tax-free assets to heirs. They also discuss potential traps, such as market drops after conversion, lower tax rates in retirement, temptation to withdraw early, and the impact of conversions on Medicare premiums and Social Security taxation. Brokamp also discusses recent news in money, including life expectancy estimates, household net worth, and financial support for aging parents. The episode concludes with a reminder to top off retirement accounts before the end of the year and provides contribution limits for 2025.