Last week, we covered why Roth conversions can beso powerful in retirement planning.
This week, we’re talking about what can go wrong.
In this episode, I walk through 12 real-world hurdles and“landmines” that can shrink — or completely eliminate — your Roth conversion window. These are the exact issues I see with retirees and pre-retirees whohave built substantial wealth in traditional IRAs, 401(k)s, and other tax-deferred accounts.
We cover:
- Social Security timing
- Pension income
- Spousal employment
- Selling a business
- Deferred compensation plans
- IRMAA surcharges
- ACA premium tax credits
- Inherited IRAs and the 10-yearrule
- Tax-inefficient investments
- The new senior bonus deduction
And more.
If you’re planning for retirement and want to minimize lifetime taxes while maximizing flexibility, this episode will help you avoid some very costly mistakes.
I hope you find it helpful.
~ Kevin
Are you interested in working with me 1 on 1?
You can start with our Retirement Readiness Questionnaire linked on our website so we can learn more about how we can help in your journey to and through retirement.
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This is for general education purposes only and should not be considered as tax, legal, or investment advice.
