Speaker
Dawn Noble

Session Details

Should You Recommend Roth Conversions?

Finance & Insurance

Date: Tuesday, August 27, 2024
Time: 11:15 am

Session Learning Objectives:

1. Understanding the impact of taxes on traditional IRAs.
2. When to recommend Roth Conversions.
3. Impact of taxes on inherited retirement accounts.

This session will review the building tax bill issues for Seniors with traditional IRA’s. Will describe and provide examples where taxes may be higher in retirement – particularly later in retirement. Will touch on the expiration of tax benefits and potential future tax rate increases, Medicare insurance premium implications, investment tax implications and when to stretch conversions. Additionally looking at leaving a legacy and impacts of leaving a Traditional v. Roth to heirs – reducing the tax bill during the 10 year draw down rule.