Here’s the revised version for Roth Conversion Insight:
The Roth Conversion Insight Report provides a clear summary of the Roth Conversion Insight, helping advisers evaluate whether converting traditional retirement assets to a Roth account may improve a client’s long-term financial plan.
This report highlights the projected impact of Roth conversions, including tax implications, portfolio value, and potential estate or legacy benefits based on the client’s plan assumptions.
Before You Run the Report
Before generating the report, you must first run the Roth Conversion Insight within AdviserGo.
The insight will only be available when:
- The client has eligible tax-deferred retirement assets in the plan
- The client has sufficient plan data to evaluate income, taxes, and projected cash flow
- The Roth Conversion Insight has been run and results are available
How to Run the Roth Conversion Insight Report
- Navigate to the Reports section in AdviserGo.
- Locate and select the Roth Conversion report.
- Scroll up to the top left of the Reports section and select Review, Configure & Generate.
- Select the three dots to the right of the report name and click Configure, if needed.
- Optional: Add Adviser Notes to include in the report.
- Click Generate Report.
When Will the Report Generate?
The report will generate when the Roth Conversion Insight has been run and the client’s plan includes the required information needed to analyze a Roth conversion strategy.
This may include:
- Eligible pre-tax retirement assets
- Tax assumptions
- Income projections
- Cash flow assumptions
- Retirement and distribution timing
- Applicable plan settings used in the Roth Conversion Insight
If the necessary plan details are missing or the Roth Conversion Insight has not been run, the report may not produce output.
What’s Included in the Report
The Roth Conversion Insight Report is a visual and analytical output of the Roth Conversion Insight, summarizing the projected impact of converting eligible retirement assets to Roth accounts.
The report includes:
Roth Conversion Summary
Provides an overview of the suggested Roth conversion strategy based on the client’s plan assumptions.
This section helps advisers understand the recommended conversion timing and amount, as well as the overall planning impact.
Tax Impact
Illustrates how Roth conversions may affect the client’s projected tax liability.
This helps advisers evaluate whether paying taxes earlier may create long-term planning benefits.
Projected Portfolio Impact
Shows how converting assets to Roth may affect the client’s overall portfolio value over time.
This comparison may help demonstrate the trade-off between paying taxes now versus potentially reducing future taxable distributions.
Retirement Income and Cash Flow Impact
Highlights how Roth conversions may affect retirement income, distributions, and projected cash flow.
This can help advisers explain how the strategy fits into the client’s broader retirement plan.
Legacy or Estate Planning Impact
Shows how Roth conversions may impact projected legacy values or assets available to beneficiaries.
Because Roth assets may provide tax advantages for heirs, this section can support conversations around estate planning goals.
When to Use This Report
This report is useful for:
- Evaluating whether a Roth conversion may improve the client’s long-term plan
- Comparing the impact of converting assets now versus keeping assets in tax-deferred accounts
- Demonstrating the relationship between taxes, retirement income, and future distributions
- Supporting client conversations around tax-efficient retirement planning
- Showing the potential legacy or estate planning benefits of Roth assets