It’s benefits season. The time of year when employees have to decide which health plan to select, which investments to select for your 401(k), and how much to put into your flexible spending plan. The number of options and complexity of all the different benefit options can be dizzying to many employees.
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.