{
  "docId": "019dd923-5e88-73ef-bd57-ee505d99d7cc",
  "docSlug": "8921baa1a2966ef5",
  "documentTitle": "modern retirement monthly report en",
  "authorId": "UBS",
  "authorName": "UBS",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.776,
  "pageNumber": 29,
  "pageCount": 54,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "numbered_list",
    "line_chart",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd57-ee505d99d7cc/29",
  "deckHref": "/decks/019dd923-5e88-73ef-bd57-ee505d99d7cc",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd57-ee505d99d7cc.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd57-ee505d99d7cc#slide-29",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.25,
        "y": 0.93
      },
      "kind": "callout",
      "text": "Please see Time to consider a partial Roth conversion for more information.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4bea2f89-4462-42c2-a136-7d9ced27b4e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Partial Roth conversions can help to shift taxable income into years where you will face a lower tax rate",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-41a9-74c8-b375-fa32a60328d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.52,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Effective tax rates with and without a series of partial Roth conversions during the early retirement \"gap years\"",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "261e5fb1-8626-4b9b-851a-76ac369e1687",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.45,
        "x": 0.04,
        "y": 0.18
      },
      "kind": "list",
      "text": "1. If your estimated future tax rate will be higher than your tax rate in the current year, then completing partial Roth conversions this year can help you do so at a lower tax cost (i.e., lower tax rate).\n2. Tax rates will probably be higher in the future. If the bulk of your wealth is saved in tax-deferred retirement accounts, higher tax rates in the future will likely have an impact on your after-tax wealth.\n3. Roth conversions can enhance your tax diversification which can help you to decide how much taxable income and investment income you will have in a given year, allowing you to manage your tax burden in retirement more dynamically.\n4. If markets are down, a partial Roth conversion can allow you to get a \"discount\" on the tax cost of converting a part of your Traditional 401(k)/IRA assets, and enhance your portfolio's tax-free growth potential when markets rebound.",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "284d3f82-ee2a-4a10-a570-0c7516616d3e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Effective tax rate",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-41a9-74c8-b375-fd3a9030c725",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.52,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: UBS. For illustration purposes.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "84e65757-9993-42d9-83f2-c6a76775a8be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.04,
        "y": 0.06
      },
      "kind": "title",
      "text": "Four reasons to consider partial Roth conversions in early retirement",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc76f465-4e35-4d8b-a0ca-8c5b9996cf1f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "d305d684-8953-4a22-a139-822328661e7a",
      "evidence": "chart/line: Effective tax rates with and without a series of partial Roth conversions during the early retirement \"gap years\"",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}