• Accessible Finance Episode 49: Listener Scenario - High Net Worth Couple, 68 & 66, Looking To Maintain Lifestyle While Being Tax Efficient

  • Aug 26 2024
  • Length: 25 mins
  • Podcast

Accessible Finance Episode 49: Listener Scenario - High Net Worth Couple, 68 & 66, Looking To Maintain Lifestyle While Being Tax Efficient

Listen for free

View show details

  • Summary

  • Should I convert 401k to Roth IRA to minimize RMD and future tax liabilities? What strategies can I use to tax impact to heirs?


    Yes, if impending RMDs will catapult you into a higher bracket, you likely want to employ a Roth conversion strategy to minimize your lifetime effective tax rate. This strategy has the added benefit of allowing heirs to avoid paying ordinary income tax on the conversion amounts plus earnings.

    If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!
    Show more Show less
activate_Holiday_promo_in_buybox_DT_T2
Show more Show less

What listeners say about Accessible Finance Episode 49: Listener Scenario - High Net Worth Couple, 68 & 66, Looking To Maintain Lifestyle While Being Tax Efficient

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available