[berettafan]

I'm forming the opinion that half the financial advisors in the US pushed clients to do Roth conversions in '17 for no purpose other than to juice their commissions. Congress ends the ability to do the conversions and advisors use the opportunity to scare people into doing them purposely ignoring common sense in order to line their pockets.

Just had a woman sit in front of me and say 'right, we wanted to pay the tax now instead of when we are retired'.

I asked 'oh, will you be making MORE money when you retire than now and as such be in a higher tax bracket?'

'well I guess we will because of social security'

hmmm.....if you both get 20k in SSI and have 24k in RMD's your tax is less than a grand. most of your SSI is untaxed. you are paying an extra $4k NOW to cover this 20k conversion.

'hmmm.....maybe I should call my financial advisor?'

we're worried about Russia attacking us yet wall street continues to rob us blind.

farking crooks.