For the record, I have nothing against the concept of Roth IRAs and certainly embrace legitimate tax-free income. Also, for the record, I do not have a Roth IRA myself, even though I have thousands of clients who have established one on their own.

There’s one simple reason why I don’t have a Roth IRA. I just don’t trust our friends in Washington to not change the rules, and I have a big receipt to back that statement up. Remember back in the day when politicians “promised” never to tax Social Security payments? We know how that turned out.

I hope that they don’t change the rules or “means test” current Roth IRA owners and classify them as the “evil rich.” I guess we will see what happens, but it’s easy to envision Roth IRAs becoming the next political football. Look up “Peter Thiel Roth” as an example of how politicians could make this an easy issue to push.

So, as most of you know by now, when the annuity industry goes in one direction, I instinctively go in the other, because that has proven to be a prudent move for The Annuity Man and our valued clients.

Unfortunately, Roth IRAs are the new “shiny thing” for the annuity agent army to push high commission products. That’s a siren you are hearing in the background with lights flashing, and The Annuity Man is running away from that herd for sure.

The annuity industry's marketing machine is aggressively promoting the Roth IRA Conversion strategy using Fixed Index Annuities with their fancy (but not real money) upfront bonuses. Surprise! My team is getting tons of calls wanting us to validate the dream sales pitches that people are currently hearing. That validation is just not going to happen from The Annuity Man. As my grandfather said, “If you tell the truth…you don’t have to remember anything.”

If you have run the numbers of the upfront taxes you will have to pay and the break-even point needed for a Roth IRA conversion to make sense for your specific situation, then go for it. Just remember one thing…

You do NOT need a Fixed Index Annuity (FIA) to do a Roth IRA conversion, unless you want to buy your agent or advisor a car with the built-in high commissions. Just use non-annuity investment assets if the numbers work for your specific situation.

If you have any specific annuity questions or comments, please shoot me an email at [email protected]. Yes, I do read and respond to every single one of them.

You can click here to Schedule-A-Call with my salary-only/no commission Team of Annuity Experts (trained by me!) to learn about annuity strategies without any high-pressure nonsense.

If it sounds too good to be true…it is,

Stan The Annuity Man
America’s Annuity Agent™

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