Roth conversion planning

By Mike Switzer

Published April 12, 2022 at 5:30 AM EDT

During tax season, tax issues become top of mind, especially if you can come up with ways to reduce those taxes. One you may be thinking about is converting your regular tax-deferred IRA into a completely tax-free Roth IRA. But is it worth paying those taxes now rather than in the future? Mike Switzer interviews Garet Strange, a certified financial planner with Hobbs Group Advisors in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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