Roth Conversion Strategy FAQs

Please email us if you cannot find an answer to your question.

How does your strategy work to pay taxes using OPM for Roth conversions?

We are partnered with several very large financial companies that are currently offering large bonuses on deposits. We use the bonuses plus account growth to pay the taxes.

How big are the bonuses these companies are offering?

Currently, the bonuses are somewhere between 16% - 25%. There are many factors when determining which bonus we employ: Which company, which state the client lives in and which strategy we use.

What's the catch? Why are these companies offering these large bonuses?

There are three main custodians for retirement funds: Banks, Wall Street, and Life Insurance companies. Each of these custodians use your money to make more money to make a profit, and then pay you whatever they promised (assuming they promised anything). The companies we work with have a long track record of strong, steady financial growth. They know if they can use your money for a period of time, they will not only recoup their acquisition cost (the bonus), but also make a nice profit: A WIN/WIN. Schedule a meeting to get all the details and see if you qualify.

How long will it take to complete the Roth Conversions on my retirement account(s)?

It depends on your specific situation: Your current effective tax rate, how much you have in pre-tax accounts, how much you have in other accounts (non-qualified, Roth, etc.). We have special software to analyze your situation for the best possible projected outcomes.

Will my funds grow during the conversion period?

Yes. There are many different strategies, including Fixed, available we use to ensure growth. Remember, we are using both bonus and the growth to pay the taxes on the Roth conversions.