Roth Conversions while on Obamacare: Do they make sense?

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Tax planning alongside healthcare planning prior to age 65 can become complex.
Many retirees find the most cost-effective healthcare option to be Affordable Care Act insurance. This creates a problem with Roth Conversions.
While on ACA (Obamacare), the amount you pay for healthcare is tied directly to your reported income. The higher your income, the more you pay for insurance.
Report too high of an income, and you risk losing your affordable care act subsidy.
Retirees often find a Roth Conversion prior to 65 difficult because a conversion will raise your reported income, potentially losing a subsidy.
For this reason, most rule out conversions. But does that have to be the case?
Can Conversions still make sense while on Affordable Care Act Insurance?
We break it down in this video...
#retirementincomeplanning #RothConversion #AffordableCareAct #AmericanRescuePlan #retirementtaxes
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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on TH-cam is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at www.safeguardi...