If you’re not familiar with Steve Leimberg, let me introduce you. He was (now deceased) one of the brightest people in our industry for several decades. Those who know the name should be familiar with his educational services, now titled: Leimberg Information Services, Inc. (LISI) (https://leimbergservices.com). I recommend you check it out.
Many of you are familiar with Michael Kitces’s newsletter and educational content. It’s some of the industry’s best. Even so, I’d say LISI is a level above Kitces’s content in certain areas.
The Industry is Still Wrong About Roth Conversions
As I’ve been saying for decades, the industry and advisors do NOT understand the math of Roth conversions. I’ve done a lot of education on this (see below) to help advisors get the light bulb to go on so they can give better advice to their clients on a very important financial decision.
LISI provided a 12-page article to its paid subscribers on the Math of Roth Conversions. If you would like to read this article WITHOUT a sign- up form, click on the following link. If you have given, are giving, or are thinking of giving Roth conversion advice, this is a must-read.
https://www.uploadedimages.net/content/PDFs/Roth_Conversions_LISI_Newsletter.pdf
Other Roth IRA Conversion Resources
I’ve written several newsletters on conversions. To read them, click on the following link:
https://advisorshare.com/newsletters
–Ed Slott Again Shows His Ignorance of Roth Conversions in Recent Online Interview
-Why Bonus FIAs to “Pay the Tax” on Roth Conversions are a Failure (White Paper)
–Roth Blueprint Goes Down in a Ball of Flames (and it’s just the beginning)!
–Beware of Craig Wear…Roth Conversion Guru for Million Dollar IRAs
-Roth IRA Conversion Showdown: Right Capital Vs. OnPointe (It’s Mind-Blowing)
-Roth IRA Conversions vs. 2nd-to-Die Life Insurance
-744 CPAs Signed Up for a Roth IRA Conversion CPE Webinar in 72 Hours!
–Liquidate & Leverage (L&L)—A Roth Conversion Alternative
–Effective vs. Top Marginal Tax Rate is the Key to Understanding Roth Conversions
-Roth IRA Conversions—What if Everything You Thought You Knew Was Wrong?
-Industry’s First and Only “Legacy App” for Roth IRA Conversions
YouTube Video
Yes, I started a YouTube Channel aptly named “Roccy Knows.” To watch the following three videos, click on the following link: https://www.youtube.com/@RoccyKnows/videos
Certified Roth Conversion Specialist™ (CRCS™)
I got so disgusted with the advice I see advisors give on Roth conversions that I added a certification to go along with our Certified Asset Protection Planner™ (CAPP™) and Certified Medicaid Planner™ (CMP™) designations. To learn more about this needed designation, click on the following:
https://certifiedrothconversionspecialist.com
Deconstructing Roth IRA Conversions: Myth vs. Reality
Finally, if you don’t have a copy of this book, it’s a must if you are giving conversion advice. It’s a desk reference guide to all the math that underlies when conversions work or don’t work. You can get it on Amazon by clicking here.
Give this book away for FREE as a lead magnet
We have a Roth lead program, and the best leads are the ones who have read this book. They get freaked out about how complex the numbers are and want to work with an advisor who understands and can help them. So, we created the ability to give away the book in an e-format. If you are interested in using this book as a lead magnet, email me back and let me know.
Finally, and certainly not last in order of importance, our OnPointe retirement planning software is what we call the ONLY accurate Roth conversion software in the industry. It sure isn’t Right Capital, Retirement Analyzer, Income Lab, MoneyGuide Pro, or even EMoney. If you haven’t gone through a demo of how OnPointe calculates the numbers, you can sign up for a demo. Or to learn more by clicking on the following link:
