MoneyRx for CRNAs
Go behind the scenes with host Brett Fellows, CFP®, as he explores the unique opportunities and challenges facing Certified Registered Nurse Anesthetists along the path to financial independence. In each episode, Brett shares expert insights and actionable advice, equipping you with the tools you need to take control of your financial destiny and retire on your terms.
MoneyRx for CRNAs
Roth Conversions: A Timely Opportunity for CRNAs
In this episode, host Brett Fellows delves into the advantages of Roth IRA conversions for Certified Registered Nurse Anesthetists (CRNAs) during a declining market. Brett explains how market declines reduce the tax burden on Roth conversions, allowing CRNAs to convert a larger portion of their portfolios for the same cost, and provides actionable advice on determining the best time for a Roth conversion, considering tax rates, asset prices, and strategic timing during low-tax 'gap years.'
[00:57] Why Roth IRAs are ideal for CRNAs.
[03:19] Understanding Roth conversions.
[07:46] Tax implications and conversion strategies.
[17:11] Mega Backdoor Roth and other approaches.
For more information and resources related to this episode, please visit the show notes.