Howard Hook, CFP®, CPA, CAP®, Senior Wealth Advisor at EKS Associates, was recently featured in NJMoneyHelp discussing an important retirement planning question:

When does it make sense to convert a traditional IRA to a Roth IRA?

In the article, Howard explains that a Roth conversion can be a valuable strategy when the taxes paid today are lower than what someone may expect to pay on future withdrawals. He also highlights the importance of looking at both federal and New Jersey taxes together when evaluating whether a conversion makes financial sense.

There are also other reasons to convert to a Roth IRA, which Howard explains in this piece. While Roth conversions can offer benefits such as tax-free withdrawals in retirement and greater flexibility for long-term planning, Howard notes that timing and tax impact matter and that every situation is unique.

Read the full article from NJMoneyHelp.

Putting It Into Perspective

Retirement and tax planning decisions are rarely one-size-fits-all. Strategies like Roth conversions can create long-term benefits when coordinated within an overall financial plan.

Learn more about Howard and how he helps clients navigate retirement income, taxes, and long-term financial planning.