The benefits of a series of well-timed Roth IRA conversions in the appropriate situation could mean tens, or hundreds of thousands, of dollars difference to you and your family. Roth IRA conversions are also often a critical defense against the SECURE Act’s provision that causes a massive tax acceleration on inherited traditional IRAs. In addition, Roth IRA conversions can reduce estate and inheritance taxes.
This information-packed workshop, with Roth IRA conversion expert Jim Lange, features Roth IRA analysis, peer-reviewed and vetted by the American Institute of CPA’s most prestigious tax journal, can help you get more tax benefits from a Roth IRA conversion and more security for your family.
Traditionally, the best time to do a Roth IRA conversion is after you no longer have an income from your job or business, but before you turn 72, when required minimum distributions on top of your Social Security benefits and other income kick in. But our projections prove that when you take into consideration very likely tax rate increases and the SECURE Act, many taxpayers who are still working can benefit from a series of conversions. In addition, IRA owners 72 or older can also benefit. But that doesn’t mean everyone should be doing large Roth conversions right now. Roth conversions must be evaluated based on an individual’s or family’s unique circumstances. Additionally, factors such as triggering additional premiums on Medicare Part B, the impact on qualified dividend exclusion, capital gains rates, as well as investment income tax rates must be weighed into the calculation.
What You’ll Learn:
- The peer-reviewed math of Roth IRA conversions.
- Optimal timing for Roth IRA conversions.
- The best plan for taking distributions from your retirement accounts.
- Does it make sense to pay for a Roth IRA conversion with a home equity loan?
- The one single decision that can get you bigger Social Security checks.
- The synergistic calculation of optimal Social Security and Roth IRA conversion strategies.
- Using Lange’s Cascading Beneficiary Plan in conjunction for Roth IRA conversions and why our strategies have changed since the SECURE Act.
This session is worth one CE credit for subscribers with the following designations: CFP, CLU, ChFC and RICP. And CPA subscribers will earn one CPE credit. And NAPFA members who subscribe will receive a completion certificate they can apply for NAPFA CE credits.
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.