In the inaugural episode of Fireside Finance, hosts Nate Baumann, CFP®, and Josh Franken, CPA, pull their chairs up to the fire to demystify one of the most-asked questions in financial planning: What exactly is a Roth conversion?
Listeners learn how Roth IRAs originated with the 1997 Taxpayer Relief Act and why converting funds from a traditional IRA can create long-term flexibility in retirement. Nate and Josh explain the trade-off of paying taxes today in exchange for tax-free growth and withdrawals later, and walk through how income brackets influence the decision. They also discuss common client scenarios, from “filling up” the 12 percent bracket to taking advantage of low-income years before Social Security begins.
Beyond the numbers, the hosts share how LVZ’s integrated tax-planning approach helps clients avoid surprises and optimize conversions within broader financial goals. They close the episode with the show’s signature segment, “What Are You Talking About Around the Fire?”, swapping stories about vinyl records, family traditions, and a cappella favorites, proof that money talk can feel every bit as comfortable as a fireside chat.
Get cozy around the fire to listen and learn why timing, tax brackets, and a little foresight can make Roth conversions a powerful tool in your financial plan.