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Search Results : Roth conversions

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The following listen on-demand podcasts matched your search results for: Roth conversions
Finishing Well
Hans Scheil
July 05, 2025
Certified Financial Planner Hans Scheil discusses the importance of planning for taxes in retirement, including Roth conversions and Medicare tax implications, to minimize tax liabilities and maximize wealth transfer to heirs. [... more]
Planning Matters Radio
Peter Richon
June 21, 2025
Retirees can benefit from strategic Roth conversions during market downturns, tax bracket changes, and other key windows to reduce taxes and create a bigger nest egg. Identifying these opportunities can lead to significant tax advantages and a more secure financial future. [... more]
Planning Matters Radio
Peter Richon
May 24, 2025
Rebalancing your portfolio regularly can help protect your investments, reduce taxes, and stay aligned with your long-term goals. Strategic and tactical rebalancing can keep your risk stable, and timely rebalancing can help you capture opportunities. Roth conversions can also be a smart move, especially when done opportunistically, and can help minimize your lifetime tax bill. Other key moments to move your money include taking control of your 401k at age 59 and a half, consolidating accounts, and reassessing your investment approach when your time horizon changes. [... more]
Planning Matters Radio
Peter Richon
April 26, 2025
Investing in a down market can be a good opportunity to create long-term wealth, but it requires a well-balanced portfolio and a long-term vision. Concentration risk in the S&P 500, where 80% of the market's movement is due to only 10 stocks, can lead to significant losses. A diversified portfolio and strategic rebalancing can help mitigate these risks, and taking advantage of lower prices and tax loss harvesting can be advantageous. Additionally, considering a Roth conversion in a negative market can also be beneficial. [... more]
Planning Matters Radio
Peter Richon
March 22, 2025
Roth conversions can provide tax-free income in retirement, but it's essential to consider current tax brackets, Social Security, and Medicare premiums when deciding whether to convert traditional accounts to Roth accounts while still working or after retirement. [... more]
Finishing Well
Hans Scheil
February 01, 2025
Estate planning at 65 using life insurance can provide tax-free death benefits, long-term care insurance, and a bank of money with liquidity that can be borrowed at 0% interest. This strategy can also provide a tax-free income through loans and serve as a secret way to leave money to beneficiaries without involving other estates. [... more]
Faith And Finance
Rob West
December 30, 2024
FaithFi equips Christians to integrate faith and financial decisions for the glory of God, helping them see God as their ultimate treasure and money a tool to accomplish His purposes. [... more]
Planning Matters Radio
Peter Richon
December 28, 2024
Converting tax deferred accounts to Roth accounts can add years to your retirement nest egg by prepaying taxes and keeping more of your money. This strategy can also help you avoid higher taxes in retirement, including Medicare premiums and Social Security taxation. [... more]
Faith And Finance
Rob West
December 26, 2024
Navigating Social Security benefits and taxation can be complex, especially when considering retirement and financial planning. Understanding the rules and implications of spousal and survivor benefits, as well as Roth conversions, is crucial for making informed financial decisions. Biblical finance principles can also guide these choices, emphasizing the importance of wise stewardship and responsible decision-making. [... more]
Finishing Well
Hans Scheil
December 21, 2024
A certified financial planner explains how the 2025 tax brackets and rates work, and how they can affect retirement planning and tax planning. He discusses how to calculate effective tax rates and how to use Roth conversions to turn taxable money into tax-free money. He also touches on capital gains taxes and how they can be affected by tax rate changes. [... more]
Finishing Well
Hans Scheil
November 30, 2024
Delaying Social Security to 70 can significantly increase monthly benefits, providing a substantial increase in income for retirement. By using annuities and Roth conversions, individuals can create a customized plan to meet their financial goals and enjoy their retirement. This approach can also help minimize taxes and ensure a secure financial future. [... more]
Finishing Well
Hans Scheil
October 19, 2024
Taxes are on sale for the next two years, and it's essential to take advantage of low tax rates by doing Roth conversions, managing Social Security, and planning for retirement. Understanding tax brackets and minimum distributions can help individuals make informed decisions about their finances and secure a tax-free future for their heirs. [... more]
Finishing Well
Hans Scheil
September 07, 2024
Understanding tax brackets and planning strategies can help individuals keep more of their money. Certified financial planners Hans Scheil and Tom discuss the importance of tax planning, including capital gains tax, qualified dividends, and Roth conversions, as well as special needs trusts and trust tax rates. They also explain the standard deduction and its impact on charitable giving. [... more]
Finishing Well
Hans Scheil
August 03, 2024
Financial planners discuss the implications of the Medicare tax, known as ERMA, and how it can be appealed. They also explore the benefits of Roth conversions and the importance of planning for retirement, including managing Required Minimum Distributions. [... more]
Faith And Finance
Rob West
July 09, 2024
Eddie Holland, a senior private wealth advisor, answers frequently asked questions about Social Security benefits, including claiming benefits at 62 and switching to spousal benefits, taxes on Social Security benefits, and changing one's mind about benefits. He also discusses survivor benefits and how they differ from spousal benefits, and provides advice on structuring an LLC and managing debt. [... more]
Planning Matters Radio
Peter Richon
June 29, 2024
Proactive planning can help control tax liability in retirement by understanding required minimum distributions, optimizing tax brackets, and strategically managing withdrawals to reduce the impact of RMDs. [... more]
Faith And Finance
Rob West
June 19, 2024
Christian parents can train their children in financial discipleship by modeling, verbal instruction, and practical opportunities. A biblical worldview is essential for making financial decisions, and understanding Social Security benefits and retirement planning can help individuals make informed choices. [... more]
Finishing Well
Hans Scheil
June 01, 2024
A certified financial planner discusses the upcoming 2026 tax increase and how it can impact retirement savings. He explains the benefits of Roth conversions and how they can help individuals take advantage of lower tax rates before the tax increase takes effect. [... more]
Planning Matters Radio
Peter Richon
April 27, 2024
Reducing the income-related monthly adjustment amount (IRMA) for Medicare Part B requires advanced planning and proactive strategies. One approach is to use Roth conversions, which can help avoid the IRMA surcharge. Another strategy is to open and invest in a health savings account, which can provide tax-free withdrawals for medical expenses. Additionally, a qualified charitable distribution can satisfy the required minimum distribution (RMD) requirement and avoid a taxable event. These strategies can help individuals manage their retirement expenses and reduce their tax burden. [... more]
Finishing Well
Hans Scheil
January 06, 2024
Understanding tax brackets and exemptions can help individuals plan for retirement and minimize their tax liability. Certified financial planner Hans Scheil explains how to take advantage of lower tax rates in 2024, including the use of Roth conversions and Qualified Charitable Distributions, to create a more tax-efficient retirement plan. [... more]
Finishing Well
Hans Scheil
November 18, 2023
Certified financial planners Hans Scheil and Tom Griffith discuss the 2024 Medicare tax IRMA rates, explaining how they affect individuals and couples, and providing guidance on how to appeal the extra costs. They also discuss the importance of financial planning, including Roth conversions, to avoid future tax liabilities. [... more]
Finishing Well
Hans Scheil
October 28, 2023
The hosts discuss the growing national debt and its impact on taxes, explaining how the IRS has a lien on retirement accounts and how to plan for efficient tax payments. They recommend strategies for taking advantage of lower tax rates, including distributing IRA or 401k funds, converting to Roth accounts, and using cash value life insurance. [... more]
Planning Matters Radio
Peter Richon
October 17, 2023
Maximizing tax savings involves considering Roth IRA contributions, offsetting gains with losses, adjusting tax filing status, and seeking tax-efficient investments like HSAs and 529 accounts. [... more]
Planning Matters Radio
Peter Richon
September 23, 2023
Minimizing Social Security taxes requires proactive planning, including converting tax-deferred accounts to Roth accounts, shifting income-generating investments, and making charitable donations. Delaying Social Security benefits can also increase the amount received, potentially offsetting tax liabilities. [... more]
Finishing Well
Hans Scheil
September 16, 2023
When the first spouse passes away, the surviving spouse faces a significant reduction in income, including Social Security checks, and an increase in taxes, which can be devastating. Certified financial planners, Hans Scheil and Tom Griffith, discuss the importance of estate planning to prepare for this scenario and provide tools such as life insurance, lifetime annuities, and Roth conversions to help the surviving spouse maintain a comfortable lifestyle. [... more]
Planning Matters Radio
Peter Richon
July 08, 2023
Managing taxes on retirement accounts is crucial to optimize savings. Tax-deferred growth can be beneficial, but it's essential to consider individual circumstances and tax brackets. Roth conversions and diversification can help minimize tax liability and maximize returns. [... more]
Finishing Well
Hans Scheil
June 24, 2023
Certified financial planner Hans Scheil discusses the importance of taking Social Security early, especially when it comes to balancing income needs and tax implications. He presents two case studies, Harry and Liz, and Andy and Ruth, where he recommends taking Social Security early to ensure a steady income stream and minimize tax liabilities. Hans also explains the benefits of annuities and Roth conversions in creating a tax-free existence in retirement. [... more]
Finishing Well
Hans Scheil
June 03, 2023
A couple in their 60s is facing uncertainty in their retirement, with a significant loss in their 401k and concerns about managing their social security benefits. Certified financial planner Hans Scheil helps them create a plan to delay social security, invest in annuities, and implement Roth conversions to achieve tax-free income for life. [... more]
Finishing Well
Hans Scheil
April 29, 2023
Tax rates are historically low, and with the Tax Cuts and Jobs Act set to expire in 2026, individuals may want to consider taking advantage of low tax rates by converting pre-tax IRA or 401k funds to Roth accounts, which can provide tax-free income in retirement. [... more]
Planning Matters Radio
Peter Richon
March 04, 2023
Maximizing retirement income and minimizing taxes involves strategic planning, including Roth conversions, RMD strategy, and utilizing health savings accounts to achieve tax-free money and secure financial stability. [... more]
Finishing Well
Hans Scheil
January 07, 2023
Understanding the difference between IRA contributions and Roth conversions can help individuals optimize their retirement savings and minimize taxes. Contributions involve putting pre-tax money into an IRA or 401k, while conversions involve turning pre-tax money into tax-free money. By exploring options such as Roth IRAs and 401k plans, individuals can create a tax-free income stream in retirement and avoid the burden of taxes on withdrawals. [... more]
Planning Matters Radio
Peter Richon
December 10, 2022
Proper planning is vitally important when it comes to required minimum distributions from tax-deferred accounts. By understanding the rules and strategies, individuals can reduce their tax burden and keep more of their hard-earned money. This includes considering early distributions, Roth conversions, and qualified charitable distributions to minimize tax liability and maximize retirement savings. [... more]
Planning Matters Radio
Peter Richon
October 22, 2022
Tax planning strategies can help individuals control their tax liability and make the most of their investments. Tax loss harvesting, rebalancing, and Roth conversions are key considerations for those looking to minimize their tax burden. Additionally, understanding required minimum distributions (RMDs) and taking advantage of charitable donation opportunities can also provide tax benefits. [... more]
Finishing Well
Hans Scheil
August 06, 2022
Becoming familiar with tax brackets is crucial for retirees to minimize taxes and maximize their wealth. Certified financial planner Hans Scheil explains how to plan distributions from qualified money according to how much tax you can stand, and how to take advantage of lower tax rates before they close. [... more]
Finishing Well
Hans Scheil
June 18, 2022
Planning for retiree tax brackets involves considering a multi-year Roth conversion strategy to minimize taxes and maximize savings. Certified financial planner Hans Scheil explains how to apply hearts to wisdom by making informed decisions about IRA and 401k money, and how to use Roth conversions to pay taxes now and enjoy tax-free growth in the future. [... more]
Planning Matters Radio
Peter Richon
June 04, 2022
Retirees face significant challenges in managing inflation and creating sustainable retirement income. With inflation rates at historic highs, traditional rules of thumb, such as the 4% rule, may no longer be reliable. Financial planners must consider factors like inflation, interest rates, and market volatility when creating personalized retirement plans. By adjusting investment strategies and tax planning, individuals can increase their chances of success in retirement and avoid running out of money. [... more]
Finishing Well
Hans Scheil
April 02, 2022
Inheriting an IRA can be a complex process, with new tax laws and regulations affecting most people before they pass away. Certified financial planner Hans Scheil explains how to navigate the SECURE Act and make informed decisions about IRA inheritances, including the importance of planning and tax-free savings through Roth conversions and life insurance policies. [... more]
Finishing Well
Hans Scheil
March 05, 2022
Retirees can benefit from understanding how federal and state income taxes apply to their social security checks, and how to minimize their tax burden through strategies like Roth conversions and tax-free income. Certified financial planner Hans Shiel explains how to navigate the complex tax system and make informed decisions about retirement planning and financial planning. [... more]
Finishing Well
Hans Scheil
December 11, 2021
In this episode of Finishing Well, certified financial planner Hans Shile discusses 2022 tax rates for retirees and how they can plan their finances to minimize taxes and maximize their after-tax income. He explains the concept of Roth conversions and how it can help individuals pay taxes now or later, and also discusses the importance of understanding the standard deduction and how it can affect tax brackets. [... more]
Planning Matters Radio
Peter Richon
March 30, 2021
Understanding your investment options is crucial for a secure retirement. Rebalancing your portfolio, considering Roth conversions, and evaluating 401k plans can help you make informed decisions about your financial future. A financial advisor can guide you through the process, ensuring you're on the right track to achieve your goals. [... more]
Planning Matters Radio
Peter Richon
February 19, 2021
Understanding your investment options and making informed decisions about your retirement planning can be overwhelming, but it's essential to consider factors like rebalancing, Roth conversions, and tax implications to ensure a secure financial future. A financial advisor can help you navigate the complexities of 401k plans and other investment options to create a personalized plan tailored to your needs and goals. [... more]
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