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.