facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause
%POST_TITLE% Thumbnail

How Delaying Your Social Security Pension to Age 70 Can Help Your Roth Conversion Strategy

Most people can start collecting benefits as early as age 62, delay taking benefits (in exchange for a larger monthly amount) until age 70, or chose an option in between. As with most financial planning questions, there is no universal right answer, although you might want to take some time to consider an answer that is most correct for your specific situation.

Social Security Retirement Planning
%POST_TITLE% Thumbnail

Considerations When Trying To Balance Charitable Giving and Roth Conversions

Retirement accounts can also be used to support charitable causes. Beginning at age 70 ½, anyone with a traditional IRA can donate up to $100,000 per year to a qualified charity. This is known as a qualified charitable distribution (QCD). A married couple can contribute $100,000 per year, per person. The benefit of doing this is that any QCD is made tax-free.

Investment Planning Tax Planning Retirement Planning Roth Conversions
%POST_TITLE% Thumbnail

How Do I Determine My Ideal Tax Bracket When Developing My Roth Conversion Strategy?

As part of a Roth conversion strategy, you might consider not just keeping your taxes low for the current year, but for the period of time that you’re doing Roth conversions. Usually, a goal would be to determine what the ‘ideal tax bracket’ might be for your situation, then to use that as a target for planning your annual Roth conversion amounts.

Tax Planning Retirement Planning Roth Conversions
%POST_TITLE% Thumbnail

9 Questions That Might Come Up As You Implement Your Roth Conversion Strategy

A Roth conversion strategy might take years to actually implement, particularly for people who have large IRAs they’re trying to convert. During this time, a lot of changes might happen which might impact the way you implement your strategy—or at least things might happen which might cause you to ask yourself, “Am I still doing the right thing here?”

Investment Planning Tax Planning Retirement Planning Roth Conversions
Schedule an Initial Call