Roth IRA Conversions: The Whys, the Why-Nots, and the Wisconsin Tax Exemption – 01/31/2026
Follow Us on Your Favorite Streaming Platforms
In this episode of More for Your Money, John Berkley examines the strategic variables of Roth IRA conversions. Berkley explores the “whys” of converting, such as legacy planning for heirs and protecting estates over $15 million (single) or $30 million (married) from federal taxes. Conversely, the “why-nots” include lacking cash to pay conversion taxes, potential Medicare premium (IRMAA) increases, and the loss of Qualified Charitable Deduction (QCD) opportunities. A major highlight is the new Wisconsin tax law, which allows residents 67 and older to exclude up to $24,000 of retirement income per person from state taxes. This change significantly impacts decisions regarding taking distributions versus making conversions. Berkley stresses that since these topics are “kissing cousins,” individuals must do their “homework” and consult financial advisors to navigate these shifting tax laws effectively.
Popular Podcasts
- Fed Rate Hikes, Market Signals, and Long-Term Investing Strategy – 09/19/2026
- Rising Rates, Inflation, and Global Dollar Shifts – 09/12/2026
- Navigating Margin Debt, Risk Management, and Portfolio Strategy – 09/05/2026
- The Local Advantage: Why a Personal Financial Advisor Beats a 1-800 Number – 08/29/2026
- Navigating Market Volatility, Smart RMD Tax Planning, and Investing for the Next Generation – 08/22/2026
- Navigating Financial Independence, Time, and Purpose – 08/15/2026
- Finding the Right Fit: Key Questions to Ask Your Financial Professional – 08/08/2026
- Retirement Distribution Strategies and The Four Percent Rule – 08/01/2026
- Navigating the National Debt and Inflation Crisis – 07/25/2026
- Risk, Fiduciary Duty, and the 15 Pillars of Financial Freedom – 07/18/2026
- Debunking Home Ownership Myths and Mastering Risk Management – 07/11/2026
- Modern Money Theory, Inflation Dynamics, and the Future of Free Markets – 07/04/2026
- The Power of Compounding Capital – 06/27/2026
- Navigating Veteran Benefits and Quality of Life in Your “Next Stage of Life” – 06/20/2026
- Small-Cap Rotations, Structural Inflation, and the SpaceX Frontier – 06/13/2026
- Munger’s Wisdom and the Four-Stage Business Cycle – 06/06/2026
- Market Metrics, Economic Bafflement, and the Power of Free Enterprise – 05/30/2026
- Lessons from Market History, National Debt, and the Discipline of Investing – 05/23/2026
- Navigating Rising Rates, Global Debt, and the Inflation “Trap” – 05/16/2026
- The Uncommon Cents Approach to Simple Investing and Financial Fundamentals – 05/09/2026
- The Financial Idea Factory – 05/02/2026
- Early Entrepreneurship, Retirement Realities, and Wisdom for a Lifetime of Investing – 04/25/2026
- Navigating Market Volatility and the Power of Long-Term Investing – 04/18/2026
- The Me Generation vs. The You Generation: A Financial Reality Check – 04/11/2026
- Five Factors That Could Tip the Scales – 04/04/2026
- Navigating Market Corrections, the Fed Trap, and the Case for Value Investing – 03/28/2026
- Rethinking Insurance, Savings, and the Wisdom of Investing – 03/21/2026
- Entrepreneurship, Passion, and the Journey to Financial Freedom – 03/14/2026
- Navigating Market Volatility and the Value vs. Growth Divide – 03/07/2026
- The Mechanics of Individual Stocks, Market Cycles, and the Long-Term Investor – 02/28/2026
- Passion, Persistence, and the Dignity of Work – 02/21/2026
- Navigating Market Rotation, Global Taxes, and After-Hours Trading – 02/14/2026
- Investing Lessons from Wall Street Legends Jesse Livermore and John Templeton – 02/07/2026
- Roth IRA Conversions: The Whys, the Why-Nots, and the Wisconsin Tax Exemption – 01/31/2026
- Navigating Market Rotations, Global Debt, and the Case for Gold – 01/24/2026
- Simplifying Retirement: The Bucket Debate, Fiduciary Standards, and Navigating Financial Complexity – 01/17/2026
- Market Broadening and the Realities of Long-Term Care – 01/10/2026
- 2026 Market Forecast: “Guesses,” Gold, and the Investment Committee’s Outlook – 01/03/2026
- The Idea Factory: Unpacking Annuities, NUA, and the ‘Nuts and Bolts’ of Investing – 12/27/2025
- Timeless Lessons from Financial Legends and the Great Depression – 12/20/2025
- Market Rotation, Fed Hype, and the Case for Long-Term Value Investing – 12/13/2025
- Fee vs. Commission: Finding the Right Financial Advisor and Understanding Your Costs – 12/06/2025
- Roth IRA Conversions: The Wisconsin Tax Law That Changes Everything – 11/29/2025
- Liquidity, Debt, and Private Credit: Navigating Hidden Dangers in Volatile Markets – 11/22/2025
- The Auto Market and Economic Indicators with Guest Bob Clapper – 11/15/2025
- Medicare: Advantage Versus Supplement – Doing Your Homework – 11/08/2025
- The Investing Meltup: Understanding the Psychology of FOMO and TINA – 11/01/2025
- Market Updates, Inflation, and Money Questions with John Berkley – 10/25/2025
- Market Highs and Massive Cash Positions: Learning from Jim Rogers and Warren Buffett – 10/18/2025
- Market Selloff, Decoding the OBB, and Navigating New Tax Limits (SALT, Deductions, and Estate Taxes) – 10/11/2025
- The Cost of Investing: Evaluating Fee Platforms, Controlling Tax Gains, and Addressing the Risks of Global Inflation and the Shrinking Stock Market – 10/04/2025
- Local Service and Financial Freedom: The Case for Hiring a Financial Professional – 09/27/2025
- The Investment Committee on Market Paradoxes, Structural Inflation, and Risk Reduction Strategy – 09/20/2025
- Uncommon Cents: Wisdom on Decisions, Risk, and Retirement Strategies – 09/13/2025
- Beyond Predictions: Uncommon Cents Investing on Market Trends, Risk, and Unique Strategies – 09/06/2025
- Investment Styles Unpacked: Value, Growth, and the Highs and Lows of Speculation – 08/30/2025
- Attorney Mike Vogel on Estate Planning, Gift Tax, and Irrevocable Trusts – 08/23/2025
- Ray Dalio on the Global Debt Crisis and Interest Rate Outlook – 08/16/2025
- The Future of Investing: AI, Productivity Gains, and Portfolio Bonds – 08/09/2025
- A Fireside Chat on Life, Work, and Investing for the Next Generation – 08/02/2025
- The Local Advisor Difference: Comprehensive Financial Planning Beyond the 1-800 Number – 07/26/2025
- Navigating Value, Small Caps, and Market Mechanics – 07/19/2025
- Generational Insights and Practical Financial Wisdom – 07/12/2025
- From Poverty to Prosperity: Edmund Halabi’s American Journey – 07/05/2025
- Navigating Market Records, Understanding Price vs. Value, and Fred Smith’s Economic Insights – 06/28/2025
- Market Valuations, Financial Repression, and the Psychology of Investing – 06/21/2025
- Estate Planning: Navigating Gift Tax, Irrevocable Trusts, and More with Attorney Mike Vogel – 06/14/2025
- Graduation & Beyond: Developing Strong Financial Behaviors – 06/07/2025
- Insurance, Bonds, and Social Security Strategies – 05/31/2025
- Memorial Day Edition: Impactful Stories – 05/24/2025
- A Walk Down History – Taxes, Investments, and the Changing Landscape – 05/17/2025
- Understanding Margin Debt in Your Brokerage Account – 05/10/2025
- Uncommon Cents Investing – More for Your Money – 05/03/2025
- Analyzing a Big Up Week – V-Shape, Bear Trap, and Uncommon Cents Investing’s Value Strategy – 04/26/2025
- Understanding Market Breadth, P/E Calculations, and Valuation Indicators – 04/19/2025
- Volatility and Vision: Understanding Market Moves and the Path to Financial, Time, and Purpose Freedom – 04/12/2025
- Addressing Market Declines and the Retirement Mindset – 04/05/2025
- Navigating Market Volatility and the Looming Debt Challenge – 03/29/2025
- Investment Accounts for Children and Grandchildren – 03/22/2025
- Navigating Market Corrections and Redefining Retirement – 03/15/2025
- John Templeton’s 16 Rules for Investing – 03/08/2025
- How UCI Manages Money (Buy List) with UCI Investment Committee – 03/01/2025
- Questions to Ask Financial Advisors – 02/22/2025
- Retirement Withdrawal Strategies – 02/15/2025
- Senior Home Care with Visiting Angels with guest Patrick Smith – 02/08/2025
- Tariffs, Gold, and the Debt: What History Might Teach Us About the Road Ahead – 02/01/2025
- Roth IRA Conversions: The Why, the Why Not, and the Rest of the Story – 01/25/2025
- Tipping, Taxes & Timely Advice: 2025 Planning and Everyday Financial Wisdom – 01/11/2025
- Navigating Trusts, Special Needs Planning, and Estate Considerations with Atty Robb Leach – 11/02/2024
- Navigating Your Medicare Choices: A Discussion on Supplements and Advantage Plans – MORE For Your MONEY – 09/28/2024