Mx associates members are fee-only, financial advisors that lead with comprehensive financial planning. As advisors, they understand the importance of tax planning. Tony, an Mx member, emailed the Mx Tax Solutions team asking a question on behalf of his client, Kayla: Should Kayla consider doing a Roth conversion?

Your response should be formatted as an email to Tony and written from your perspective. Please use the information regarding Kaylas situation on the following slide to formulate your response

Kaylas Tax Information

Currently single (divorced in 2017) and has two dependent children ages 2 and 6

2020 Taxable Income: $84,750

Kayla was furloughed in 2021, which will result in an estimated 40% reduction of

taxable income

Traditional IRA balance as of 08/01/21 is $57,300