Episode 58

Roth IRA Conversions: The Whys, the Why-Nots, and the Wisconsin Tax Exemption - 01/31/2026

January 31st, 2026

52 mins 50 secs

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About this Episode

In this episode of More for Your Money, John Berkley and Kit Carson explore the "rest of the story" regarding Roth IRA conversions. Berkley outlines the "whys" of converting, such as legacy planning for adult children or protecting high-value estates, alongside "why-nots" like potential IRMAA increases or Social Security taxation. A major highlight is the new Wisconsin tax exemption, allowing residents 67 and older to exclude up to $24,000 of retirement income per person from state taxes. The duo emphasizes integrating these variables with investment strategies, reminding listeners that retirement planning requires thorough "homework" and professional consultation.