You may be making a big mistake with your Roth conversion, this expert says
Experts warn that many individuals may be misled by Roth conversion calculators when deciding on retirement savings strategies. These tools often rely on numerous assumptions that can lead to inaccurate conclusions about tax savings. Financial planners are encouraged to focus on known factors rather than uncertain future projections.
- ▪Roth conversion calculators may not provide accurate tax-saving projections due to reliance on many assumptions.
- ▪Andy Panko, a certified financial planner, advises against overly relying on software for retirement planning decisions.
- ▪The decision to convert should be based on individual circumstances rather than a one-size-fits-all approach.
Opening excerpt (first ~120 words) tap to expand
You may be making a big mistake with your Roth conversion, this expert says Beth Pinsker Mon, May 18, 2026 at 7:52 AM PDT 5 min read Deciding whether to do a Roth conversion involves a complicated math equation, but calculators might not give you the right answer. - Getty Images When it comes to making decisions about whether or not to convert pretax IRA or 401(k) savings to Roth — paying the tax now or waiting until later — a lot of people get caught up in the math. They turn to financial-planning software, either through professional planners or via one of the few programs available to do-it-yourselfers with subscriptions, like Boldin or ProjectionLab.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Yahoo Finance.