Chisholm on Rewind

Financial content & strategies to help you simplify your finances and be smart with your money.

A most recent list of education videos, writings, and financial tips focusing on strategies you can implement right now to achieve financial success.

🎥Should You Convert Into a Roth IRA In 2024?

As we approach the end of the year, it's an ideal time to evaluate your retirement and tax strategy. One powerful option to consider is a Roth conversion - a move that could potentially enhance your long-term financial outlook. To help you decide if this strategy aligns with your goals, check out these videos on my channel:

• Is a Roth Conversion Worth It? (Case Study) (20 mins) If you’ve ever wondered if a Roth conversion is something you should do, this video will give you a real scenario to think about! I walk through a real-life scenario of what a Roth conversion looks like. We will discuss how a Roth conversion is done and explain how to compare the tax benefits in retirement with any taxes you will need to pay if you convert your IRA or 401(k) to Roth money.

• Roth Conversions Part I: What is a Roth conversion? (22 mins)

  Roth conversions can be a very powerful tool when it comes to successful retirement planning. We will cover the two types of retirement money and explain what a Roth conversion is and how it will impact your taxes. A Roth conversion is radical delayed gratification. Performing one is the ultimate extreme in sound financial planning. Why is this the case? Because whatever you convert will cost you in taxes NOW. You do a conversion because you know the prepayment of retirement taxes will be worth it in the future. If you've ever thought about a Roth conversion, and want to know more--this is the stream for you!

• Roth Conversions Part II: When is a Roth Conversion Worth It? (18 mins)

  This video outlines when you should think about utilizing this strategy. Because Roth conversions can cost you money in taxes today, you want to be strategic about when you implement this financial tactic.

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💡Smart Money Move of the Week

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✨YouTube Live, Friday, 11/1 at 10am

78% of Americans are flying blind toward retirement BUT YOU DON'T HAVE TO BE ONE OF THEM. In this live, I'm sharing the 3 numbers you need to know if you want to accurately estimate if you are saving enough for your retirement.

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I’m always eager to hear from my readers. If you have any finance-related questions or topics you'd like me to cover, please don't hesitate to reach out. Your input helps shape my content and ensures I’m addressing what matters most to you.

Wishing you many happy market returns!