Uncover the Power of Infinite Banking: A Game-Changing Financial Strategy

Insurance Pro Blog Podcast

Are you looking to maximize your retirement savings and become savvier with your year-end tax planning? Join us as we share five advanced strategies aimed at turbocharging your Roth IRA conversions over the next few years.

Learn how to coordinate deductions and tax credits to your advantage. Discover clever ways to offset the increased tax bite from conversions, whether through business vehicle depreciation, solar panel credits, or capital loss carryovers.

Delve into the intricacies of market volatility. Gain insights into shifting your conversion approach depending on short-term drops or depressed asset values. Structure a prudent plan based on expectations over your time horizon.

Pay attention to fluctuating income levels. Boost conversions during earnings dips or pause when big raises are on the horizon. Get comfortable converting in chunks rather than all at once.

Hear the logic behind making late-year conversions. Make the most accurate assessments after full income data becomes available. Sidestep early predictions that could miss the mark.

Don't forget the backdoor Roth as an option. Even with income exceeding limits, non-deductible IRA contributions can still be converted.

Join the conversation and take command of your retirement strategy. _______________________________

If you have money sitting in retirement accounts and you're looking for help strategizing the best ways to minimize tax and create consistent retirement income, please click right here to get in touch, we'd love to help you.