From Yahoo Finance: 2025-05-04 08:30:00

Tom, 70, plans three Roth conversions before turning 73 in 2027 to avoid taxes for his beneficiary. The five-year rule doesn’t apply to beneficiaries, only to individual Roth conversions. 59 ½+ exempts from the rule. Seek a fiduciary financial advisor for retirement planning guidance. Market downturns can be mitigated with strategic allocation. A dynamic withdrawal strategy can adjust spending based on market performance. SmartAsset can match you with financial advisors in your area. Build an emergency fund in a liquid account for unexpected expenses. Financial advisors can use SmartAsset AMP for marketing automation solutions. Brandon Renfro, CFP®, answers reader questions on personal finance and tax topics. Email [email protected] for financial planning guidance.

Source: SmartAsset

Read more: If I Convert to Roth Before 73, Does the 5-Year Rule Still Affect My Beneficiary?