#1: I've been doing a lot of analysis for clients on Roth conversions. The success of the strategy depends on your situation BUT let me be clear it works very well for many people. It's a powerful way to create significantly more future wealth that will be subject to less uncertainty and risk. Note that the strategy can work so well that it's worth paying high tax rates to do it while you're still working. The article on backdoor Roths below is related and a way to shift even more into this powerful structure.
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#2: Do you and your spouse sometimes disagree? See the following article. I've said for a long time that financial planning can be a powerful tool for improving marriages - call it financial counseling. As the article mentions, disagreements about money often aren't about money at their core. Money is tangible and measurable - if you can get together on that, you can measure the progress. And if you can do that, I assert you can do much more.
There’s a scene in many an old movie, often a romantic comedy from the 1940s or ’50s, where the wife arrives home laden with hatboxes and shopping bags from high-end boutiques and the husband ...
Donald Gottfried, CLU®, CLTC
Profectus Financial Partners