Roth Conversion or Not? What to Do With a $2.2 Million IRA Before RMDs Hit скачать в хорошем качестве

Roth Conversion or Not? What to Do With a $2.2 Million IRA Before RMDs Hit

Should you do a Roth conversion before required minimum distributions (RMDs) begin? Nancy is 64, retiring with a $2.2 million IRA, and worried about future taxes, Medicare IRMAA surcharges, and leaving money to her daughter. The big question: does a Roth conversion actually make sense in her situation? In this clip from the Money Matters podcast presented by Allworth Financial, Scott and Pat break down when a Roth conversion is smart — and when it may not be worth it. They discuss required minimum distributions (RMDs), Social Security timing, tax brackets, and a creative strategy to “match maturities” to effectively pay off a low-interest mortgage while keeping investments working. If you’re approaching retirement with a large pre-tax IRA and wondering how to reduce future taxes, manage RMDs, or decide when to claim Social Security, this conversation is packed with practical retirement planning insights. Key topics covered: -Roth conversion strategy before age 75 -How RMDs impact your tax bracket -IRMAA and Medicare premium concerns -4% rule vs. flexible IRA withdrawals -Paying off a 2.85% mortgage strategically Social Security at 65 vs. 70 -Leaving tax-efficient money to heirs If you're within 5–10 years of retirement, this is a must-watch. LISTEN TO THE FULL EPISODE HERE:    • A Common Tax Mistake Wealthy Investors Ove...   🔔 Don't forget to like, comment, and subscribe for more practical financial advice! Join Money Matters: Get your most pressing financial questions answered by Allworth's founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Join the Show! https://allworthfinancial.com/talk-to... Website: https://moneymatters.com/ Apple Podcast: FOLLOW https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/0eLjd3j... #RothConversion #RetirementPlanning #RMD