How to Keep More of Your Money With Smart Roth Planning (Ep. 30)
Most people focus on investment returns, but the real threat to a comfortable retirement often hides in plain sight. Taxes can quietly drain away more of your savings than you ever expected, and the window to take control may be smaller than you think.
In this episode, Ryan Thacker and Tyson Thacker break down how today’s historically low tax rates can create a rare opportunity for pre-retirees and retirees. They explain why strategic Roth conversions may help you keep more of your money, how required minimum distributions can trigger bigger tax bills later in life, and why waiting could mean giving up one of the most valuable planning windows available.
Ryan and Tyson discuss:
- Why so much retirement savings sits in tax-deferred accounts, and why that can create problems later
- How expanded tax brackets in the current law may help you convert more at potentially lower rates
- Why timing matters with Roth conversions and how to avoid pushing yourself into higher tax brackets
- How proactive planning can help you reduce uncertainty and build more control into your retirement income
- What Washington proofing your retirement really means and how to get started before year-end
- And more!
Resources:
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Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. We are fiduciary financial planners who create custom retirement plans to help maximize social security and minimize tax and risk. Advisory services are offered through B.O.S.S. Retirement Advisors, a Registered Investment Advisory firm. Insurance products and services are offered through B.O.S.S. Retirement Solutions. Marketing materials are provided by Infinity Marketing Services.Â
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