If You're Retiring With $1 Million Or More, You NEED To Know This Strategy скачать в хорошем качестве

If You're Retiring With $1 Million Or More, You NEED To Know This Strategy

Roth conversions are a helpful money-saving strategy for many retirees, but for those retiring with at least $1 million or who have a pension, they're almost a non-negotiable. In this episode of Joe Knows Retirement, Joe shares everything you need to know about Roth conversions if you're retiring with a high net worth. From social security tax to Medicare premiums to capital gains, he explains how Roth conversions can save you thousands of dollars in your retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/sc... 🎥 Subscribe to our channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe’s book “I Hate Taxes”: https://keap.page/bsd964/toolkit-yout... 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/... 📞 Apply to talk with us: https://peakretirementplanning.com/sc... #retirement #retirementplanning #rothconversion Timestamps: 00:00 Intro 01:03 Why do Roth conversions typically make sense for those with $1 million+? 02:39 Who are Roth conversion good for? 04:20 Social Security tax 08:30 Required minimum distributions (RMDs) 10:08 What will tax rates be in the future? 11:36 What tax bracket will you be in in the future? 14:43 Medicare premiums 17:39 Capital gains 19:43 Widow's penalty 21:13 Kiddo's penalty 22:29 Are you a Midwestern Millionaire? Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is a Securities and Exchange Commission registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.