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This week, we discuss a year-end tax checklist to help you get situated for a great 2026. On today's episode: ❓ What are RMDs? 📊 Roth Conversions ⚖️ How to Reallocate 💰 Tax Saving Strategies At Full Swing Financial Planning, we are here to empower you to take control of your plan, your way, for your financial future! ** A Roth IRA conversion—sometimes called a backdoor Roth strategy—is a way to contribute to a Roth IRA when income exceeds standard limits. The converted amount is treated as taxable income and may affect your tax bracket. Federal, state, and local taxes may apply. If you’re required to take a minimum distribution in the year of conversion, it must be completed before converting. To qualify for tax-free withdrawals, you must generally be age 59½ and hold the converted funds in the Roth IRA for at least five years. Each conversion has its own five-year period, and early withdrawals may be subject to a 10% penalty unless an exception applies. Income limits still apply for future direct Roth IRA contributions. This material is for informational purposes only and does not constitute tax, legal, or investment advice. Please consult a qualified tax professional regarding your individual circumstances. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. ** 📩 Contact Full Swing Financial Planning: Address: 1725 1st Ave S, Fort Dodge, IA 50501 Phone: 515-308-4545 Email Kole Petersen: [email protected] Email Cole Jaeschke: [email protected] Email Baileigh Ashbrook: [email protected] 🌐 Follow Full Swing Financial Planning: Website: https://www.fullswingfinancial.com Facebook: / fullswingfinancialplanning LinkedIn: / full-swing-financial-planning YouTube: / @howtomoneypodcast Kole Petersen: / kolefullswingfinancialplanning Cole Jaeschke: / colefullswingfinancialplanning Baileigh Ashbrook: / baileighfullswingfinancialplanning This podcast is presented by Full Swing Financial Planning and is produced by Spin Markket + Digital (https://www.spinmarkket.com). Chapters: 00:00 Disclaimer 00:15 Intro 02:52 Roth Conversions and Why They Matter 07:33 RMDs and Roth – Understanding Required Minimum Distributions 11:48 Inheritance and Taxes – What Heirs Need to Know 13:30 How Much Should I Convert? Roth Conversion Strategy Explained 15:03 Spin Markket Ad 16:03 Dollars and Sense – Tax Tips & Financial Insights 22:35 Roth 401(k) Contributions – Pros, Cons, and Tax Advantages 26:18 Qualified Charitable Distributions – Lower Taxes Through Giving 29:00 Annual Gift Exclusion – Year-End Tax Planning Benefits 32:10 Additional Year-End Strategies to Save on Taxes 35:30 Sports Quote 35:36 Outro/Disclosures #HowToMoney #FinancialLiteracy #MoneyTips #FinancialPlanning #InvestingForBeginners #WealthBuilding #RetirementPlanning #SmartInvesting #PersonalFinance #MoneyManagement #InvestingTips #FinancialEducation #FinancialIndependence #BudgetingTips #MoneyMindset #Investing101 #DebtFreeJourney