A MarketWatch reader with $8 million in savings questions the value of Roth conversions at age 84, citing reluctance to pay a financial adviser 2% of assets.
A MarketWatch reader, aged 84, posed a question about Roth conversions, noting that he and his 77-year-old wife have $8 million in savings. The reader asked whether they are too old for Roth conversions, and expressed reluctance to pay a financial adviser 2% of assets, which he calculated as roughly $160,000 per year.
The question was published by MarketWatch on August 29, 2026, as part of its personal finance advice column.
The question highlights a common dilemma for retirees with significant assets: whether the tax benefits of Roth conversions outweigh the costs, especially later in life. The reader's concern about adviser fees also underscores the importance of understanding the costs of financial advice.
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