Wealth Wednesday

Welcome to the second part of our seven-part series on the keys to retirement success! Last time, we discussed the importance of cash flow in retirement. Today, we’re diving into a crucial aspect of planning for retirement: managing income taxes. Taxes are a fact of life, but with the right strategy, you can reduce their impact on your retirement savings. Let’s break down how you can plan effectively to manage taxes and keep more of your hard-earned money.

From treating some employer contributions as Roth contributions to the potential secondary tax impacts, there are some less common ways Roth-type accounts can benefit you. Today is part 3 of our series on the incredible Roth IRA, we discuss some of those less common ideas

Today we dig into another aspect of Roth IRA’s – the multi-generational impact. Not only can the Roth improve your outcomes, it can be a significant tool for wealth transfer. In this episode, we show you the impact this can have…Spoiler alert, it CAN be significant.

In 1996, the federal government bestowed one of the biggest gifts to retirement savers. It is called the Roth IRA. Put money in on an after-tax basis, and the reward—when done correctly—not paying taxes on any of the earnings. Since then, we’ve seen the Roth expanded to 401k’s and other employer retirement plans. Today we illustrate the incredible power of Roth Accounts.

Today it is Part 3 of our series taxes in retirement. In this episode we look at the planning opportunity our couple, Bill and Janet have to impact both themselves and their daughter. We dig into the potential impact of Roth IRA conversions.

The taxation of your retirement accounts is always a big concern. In part 2, we look at the tax implications of those 401k and IRA Accounts when you die.

How is your income taxed in retirement? Today we look at a basic case study to show you how their income will be taxed. We look at what they face now, and when they get to the required minimum distribution age.