Ed Slott, a well-respected authority on IRAs, published an article this month in Financial Advisor Magazine titled: “When Roths May Not Be Right”. In it he gives a dozen reasons why Roth conversions may not be a good idea. And we agree with overall message. As with most strategies, there are always some drawbacks.
In the 2008 movie WALL-E mankind has left earth behind because it has become covered with trash from products sold by the Buy ‘N Large Corporation. WALL-E has been left behind to clean it all up. In one part of the movie, humans arrive at earth in a giant space ship. On board they ride around a space resort on hovering chairs watching screens and videos all day.