With the new OBBB introducing changes to tax laws and retirement planning, understanding the opportunities and potential pitfalls of Roth conversions has never been more crucial. Join nationally renowned CPA Bob Keebler to learn how the latest legislation may impact Roth IRA conversions, offering actionable insights to help you optimize your retirement strategy.
Bob will cover:
- The SALT deduction and the SLAT phaseout.
- Understanding the 45.5% marginal rate when a Roth conversion causes SALT phaseout.
- Avoiding the 45.5 % SALT trap.
- Avoiding the 53.7 % QBI phaseout rate.
- Understanding the benefit of the new senior deduction and how the senior deduction impacts Roth conversions.
- Understanding how the SALT deduction, senior deduction, and changes to the charitable deduction will create a series of traps for the unwary that must be taken into account when analyzing Roth conversions.
- Key tax changes under the new administration and their implications for Roth conversions.
- The benefits of converting to a Roth IRA in today’s economic and legislative environment.
- Strategies to minimize taxes and maximize benefits during the conversion process, including oil and gas and charitable giving.
- How to determine if a Roth conversion is right for your financial situation.
- Why Roth conversions are better when a client has a taxable estate.
- Post-mortem Roth distributions
- Roth conversions for special needs beneficiaries
And much, much more! Whether you're a financial advisor guiding clients or an individual planning your retirement, this webinar will equip you with the knowledge to navigate Roth conversions effectively in the current political and economic climate.
*CE/CPE Eligible: 1.5 CE credit(s) is(are) available to FEN Members with these designations: CFP, CLU, CHFC, RICP, IAR, CDFA. CPA and EA members will earn 1.0 CPE credit(s).
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.