"Rules of Thumb" – Are They Helping or Hurting?
"Don’t convert if you're in a low tax bracket."
"Don't convert if your in a higher tax bracket"
"Avoid conversions at the start or end of the year."
"Don’t convert if you’re towards the end of life."
But here’s the deal — our tax code is massive and there is more than one way through it. Rules of thumb can be limiting, especially when they lack real context. Tax planning, especially for Roth conversions, shouldn’t be based on quick, one-size-fits-all advice.
The strategy needs to be carefully thought-out, tailored for your long-term goals and financial success. If you're looking for advice backed by strategy, not just "thumb rules," let’s have a conversation.
#TaxPlanning #RothConversion #WealthManagement #FinancialAdvice #StrategyOverRules
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Thrivent and its financial advisors and professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional.
