featured image for podcast episodeDeep Dive: Roth IRA Conversion Ladder

Deep Dive: Roth IRA Conversion Ladder
Episode 503

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Episode Guide

Exploration of advanced financial independence strategies focuses heavily on the Roth IRA conversion ladder, a powerful tool for accessing retirement funds before age 59 and a half without incurring penalties. The discussion highlights the importance of keeping expenses controlled, allowing for significant tax savings. The speakers, Jonathan Mendonsa and Brad Barrett, advocate for a thoughtful approach to conversions, emphasizing the need for adequate savings in taxable accounts to bridge the period before converted funds are accessible. Other strategies, such as leveraging health savings accounts and pensions, are also discussed as potential sources of income during early retirement. The episode further dives into nuances of tax optimization, especially regarding capital gains. By blending personal anecdotes and case studies, the importance of planning and community support in navigating the path to financial independence is underscored.

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Cody Garrett

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Cody is an advice-only financial planner and educator passionate about helping DIY investors on the path to and through financial independence.

As the owner of Measure Twice® and instructor of the "Create Your Own Financial Plan" video course, he specializes in comprehensive financial education - to help families implement their own well-informed decisions.

His educational insights have been featured by Barron's, Forbes, Fox Business, CNBC, Morning Brew, Business Insider, and Marketwatch. You can also hear him on The Long View (Morningstar), ChooseFI, and dozens of other podcasts.

Cody was also recognized by Investopedia as a Top 100 Financial Advisor in 2023 "for his multi-platform education approach to supporting DIY investors on their path to building goals- and values-based financial freedom."

Where to Find Me

Measuretwicemoney.com

In this episode: Roth IRA conversion ladder, starting with the end in mind, investing for growth or stability, and retirement planning.

While we have covered Roth IRA Conversion Ladders on ChooseFI before, we have never in the past taken such a deep dive into the subject like we do in this week's episode! Once again, we are joined by friend of the show Cody Garrett from Measure Twice Money, as we cover a high-level-FI approach to the Roth IRA conversion ladder and ways one could approach propelling themselves into a FI fueled retirement!

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