Roth IRA Conversion Strategy: Join me as I break down one decision that could potentially result in $1 million more in ending account balances and a remarkable $600,000 less in taxes paid for someone who is 60 with $1.5 million saved for retirement. You’ll learn the basics of income distribution planning, tax strategy, and Social Security optimization so you can navigate your own retirement planning with heightened financial visibility and potential savings.
🏃🏻 Jump right in: 00:42 Key Parameters and Account Composition of the Hypothetical Case Study 01:28 Retirement Planning Software Reveals Two Potential Outcomes 02:46 Upcoming Tax Law Changes to Know 03:26 Roth Conversion Ladder - What is it? 04:07 Challenging Conventional Wisdom: The Cost of Deferring Retirement Accounts 06:04 Income Distribution Strategy Over Time: A Multilayered Approach 08:44 Understanding Sequenced Phases and Multi-Account Distribution 09:28 Withdrawing More than 4%: Balancing Risk and Security 11:05 Comparative Analysis: Roth Conversion vs. Conventional Wisdom 15:12 Required Minimum Distributions (RMDs): Managing Tax Risk 16:45 Optimizing Social Security: Maximizing Benefits 18:14 Final Analysis: The Roth Conversion Ladder's Impact on Taxes and Wealth 19:02 Conclusion: Gaining Visibility into a Secure Financial Future
#rothconversions #taxplanning #retirementincome
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Disclaimer: This video discusses fixed-income investing and utilizes the 10-year U.S. treasury as a general representative fixed-income investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixed-income assets. Other types of fixed-income products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.
