‘It seems bizarre’: We’re in our 80s with $950,000 in traditional IRAs. Why is our adviser pushing Roth conversions?
Summary
An elderly couple with nearly one million dollars in traditional retirement accounts is questioning why their financial professional is recommending Roth conversions. Their core living costs are already fully covered by annual pension and social security income.
“Our basic living expenses are covered by $110,000 in annual pensions and Social Security.”
Source: Read the full story at MarketWatch.com - Top Stories
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