Roth IRAs and Roth 401ks are retirement accounts that not only grow tax free but when it comes time for retirement, the withdrawals are also tax free. So having Roth assets gives you access to retirement money without capital gains or income tax and remember, too much taxable income in retirement can also impact your medicare premiums.All of this is why our next guest says that if you haven’t converted a traditional IRA to a Roth yet, the current bear market in stocks may be providing an opportunity to do so.
Mike Switzer interviews Thomas Manly, a certified financial planner with Hobbs Group Advisors in Columbia, SC.
