The Women & Wealth Show from Annex Wealth Management
Sep 19, 2026 · 54 min · 21 segments
This week, Deanne Phillips and Marilou Davido discuss why "tax-free" doesn't always mean consequence-free and what widowed clients often value most from a financial advisor. In Women at the Helm, Ann…
Joe KrausHostAnne LemusGuest
Brian JacobsenGuestMarilou DavidoGuestEmily MontyGuestPam FotiGuestAnd I think a lot of people hear that and they think, great, I'll pay the tax now.
Roth money can be incredibly valuable planning tool, but there can be costs and consequences people don't see coming.
I think it begins because we naturally focus on the benefit that we want at the end, which are the qualified withdrawals that can come out tax-free.
But we also have to ask what it costs us to get the tax-free money in the first place.
So if you're making Roth contributions, then you end up giving up a tax deduction currently.
If you do a Roth conversion, you're voluntarily creating taxable income today.
So the question isn't simply, do I want tax-free money later? Of course, that sounds appealing.
If I contribute to my traditional side of my 401k, I generally get a tax benefit today.
If I choose Roth, I'm paying tax on those dollars today in exchange for qualified tax-free withdrawals later.
So shouldn't one of my questions be, at what tax rate am I buying that tax-free money? Absolutely.
And I think a lot of people hear that and they think, great, I'll pay the tax now.
Roth money can be incredibly valuable planning tool, but there can be costs and consequences people don't see coming.
I think it begins because we naturally focus on the benefit that we want at the end, which are the qualified withdrawals that can come out tax-free.
But we also have to ask what it costs us to get the tax-free money in the first place.
So if you're making Roth contributions, then you end up giving up a tax deduction currently.
If you do a Roth conversion, you're voluntarily creating taxable income today.
So the question isn't simply, do I want tax-free money later? Of course, that sounds appealing.
If I contribute to my traditional side of my 401k, I generally get a tax benefit today.
If I choose Roth, I'm paying tax on those dollars today in exchange for qualified tax-free withdrawals later.
So shouldn't one of my questions be, at what tax rate am I buying that tax-free money? Absolutely.
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