The Ryan Bakke Show

102. "These Retirement Companies Are In Cahoots With The IRS!" (Roth Conversion Planning)

Oct 21, 2024

24:35

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In this episode, we're diving into Roth conversion planning and talking about essential strategies to help you maximize your tax savings. We’ll break down when and why to consider a Roth conversion, how to take advantage of market dips, and the importance of understanding tax brackets when converting traditional retirement accounts to Roth. I’ll also cover key tactics like chunking conversions and why it’s crucial to avoid withholding taxes during the conversion process.

Timestamps:

00:00:00 Intro

00:01:12 When to Consider a Roth Conversion

00:03:45 Tax Brackets and Roth Conversions

00:05:28 The Importance of Not Withholding Taxes

00:07:10 Chunking Conversions for Maximum Efficiency

00:08:55 Using Market Dips to Your Advantage

00:10:33 Long-Term Benefits of Tax-Free Growth

00:12:05 Common Mistakes in Roth Conversions

00:13:40 Strategizing for Future Tax Changes

00:15:22 Roth Conversion and Estate Planning

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