Career Forward: Shine at Work by Focusing on What Matters (SB1492)
The Stacking Benjamins Show
Strategic Tax Planning for IRAs and 401Ks
This chapter delves into the importance of forward-looking tax strategies for IRAs and 401Ks, discussing the benefits of long-term tax planning over last-minute savings. Ed Slott emphasizes the impact of tax implications on these accounts, advocating for Roth conversions and strategic financial moves to take advantage of current low tax rates. The discussion also covers the significance of using Roth IRAs and Roth 401ks, warning about potential future tax rate increases and exploring provisions like direct transfers from 529 plans to Roth IRAs.
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