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Retirees weigh Roth conversions but balk at paying advisers

The couple says they are reluctant to pay an adviser 2% of assets, about $160,000 a year.

Reported · Written up by our desk · Fund Industry

MarketWatch examines a question from an 84-year-old retiree and his 77-year-old wife about whether they are too old to consider Roth conversions, despite having about $8 million saved.

In the discussion, the couple said they are reluctant to pay a financial adviser 2% of assets, which they estimate at roughly $160,000 per year.

Their concern highlights how adviser fees can factor into retirement planning decisions, particularly when evaluating tax strategy options such as Roth conversions.

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