When and Why You Might Consider a Strategic Roth Conversion

For two of my clients, the time was right for executing a Roth IRA conversion. Here’s why, and how they made the strategy work for them.

A person draws x's and o's with arrows to indicate strategy.
(Image credit: Getty Images)

Over the past year, have you asked yourself, “How are we ever going to pay for the national debt that has been accumulated under the stewardship of both parties?” I know some of you were asking that question even before the pandemic. The federal government has been running annual deficits since 2002, with the additional red ink in 2020 tallying the total up to more than $3 trillion.

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Jamie Letcher, CRPC®
Financial Adviser, LPL

Jamie Letcher is a Financial Adviser with LPL Financial, located at Summit Credit Union in Madison, Wis. Summit Credit Union is a $5 billion CU serving 176,000 members. Letcher helps members work toward achieving their financial goals and through a process that begins with a “get-to-know-you” meeting and ends with a collaborative plan, complete with action steps. He is a member of FINRA/SIPC, a registered broker-dealer and investment adviser.