Concepts You Need to Know
Roth conversion
Moving money from a traditional IRA or 401k to a Roth account. You pay taxes now, but future growth and withdrawals are tax-free. Best done in years when your income (and tax rate) is lower.
Required Minimum Distributions (RMDs)
Starting at 73, the IRS requires you to withdraw from traditional IRAs and 401ks — whether you need the money or not. These forced withdrawals are taxed as income and can push you into higher brackets.
Tax torpedo
When RMDs, Social Security, and investment income combine to spike your tax rate in your 70s–80s. Proactive planning in your 50s–60s can prevent this.
Take Action Now
1
Run a Roth conversion analysis for the next 5 years.2
If income allows, contribute to a Roth IRA or backdoor Roth every year.3
Calculate your projected RMDs at 73 — are they more than you'll need?Want a personalized plan?
Connect with a licensed agent who can apply these concepts to your specific numbers.
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