Maximize Your Retirement Savings with Roth Strategies | Balance Wealth Webinar Series
October 31, 2024
Join us for this month’s webinar, where I’ll be teaming up with the Balance Wealth crew to break down Roth conversions. We’ll dive into how converting traditional IRAs to Roth IRAs can be a game-changer for your tax strategy—unlocking tax-free growth and setting you up for a more secure financial future. Don’t miss it!
In this month’s webinar, I am joined by the rest of the Balance Wealth team to discuss the concept of Roth conversions, emphasizing their role in tax planning by converting traditional IRAs to Roth IRAs, which offer tax-free growth.
I spent some time highlighting the importance of understanding marginal tax rates and the potential impact of future tax rate changes. I enjoyed sharing a case study of Bob and Bonnie, a couple nearing retirement, illustrating how Roth conversions improved their long-term financial plan.
One of the key points I addressed were considerations such as Medicare premium breakpoints and the timing of conversions, emphasizing the benefits of starting early and planning strategically.
📌 Chapters for Easy Navigation:
0:00:00 Welcome and introductions
0:03:25 Overview of Roth conversions and tax efficiency ladder
0:05:22 Differences between Roth contributions and conversions
0:10:48 Explanation of marginal tax rates and tax planning
0:22:06 Case study of Bob and Bonnie’s financial plan
0:32:04 Considerations for Roth conversions
0:37:29 Q&A session
0:51:03 Conclusion and final remarks
🔔 Like & Subscribe for more market commentary and smart financial strategies!
💬 Have a question about your investments? Drop it in the comments below!