Sammy, a 51yearold retiree, is seeking advice on how much she should convert from her traditional IRA to a Roth IRA each year to avoid jumping tax brackets and minimize the taxation of her social security benefits.

James analyzes Sammy's current financial situation and offers guidance on approaching the tax planning aspect of her retirement strategy.

Learn:
How to determine how much to convert from an IRA to a Roth IRA
Why forwardlooking tax planning is essential
The potential consequences of certain financial decisions

Questions Answered:
What factors should you consider in planning Roth conversions?
How can you avoid going into a higher tax bracket?
=======================
Learn the tips & strategies to get the most out of life with your money.

Get started today → https://www.rootfinancialpartners.com/

Get access to the retirement software I use in this video and more → https://retirementplanningacademy.m...

Make sure to subscribe here to be notified for future videos!
   / @rootfp  

_ _

Make sure to connect with us on all socials below → https://beacons.ai/rootfinancialpartners

⏱Timestamps:⏱
0:00 Sammy’s Roth conversion question
2:29 The Roth/tax rules today
4:58 Tax on different types of income
7:24 Some assumptions
10:19 Figuring tax and making assessments
12:28 RMD part 1
15:33 RMD part 2
17:25 Caution about tax bracket assumptions
21:58 Important side note
23:45 Takeaways

Other videos we think you'll like:

About Root:    • Financial advisors with heart.  

Worried about retirement?

Start here:    • Worried About Retirement..Start With ...