Roth Conversion Strategies to Protect Your Spouse's Future Tax Burden

A listener says, “Eventually, one spouse will pass before the other, which will often catapult the survivor into a significantly higher tax bracket. Shouldn’t a Roth strategy take this into account?”

James explores several factors that could positively and negatively impact a survivor’s tax liability and what to consider when creating a Roth conversion strategy.


Questions Answered:
How can Roth conversions benefit married couples beyond tax savings?

What factors should be considered when determining the optimal strategy for Roth conversions to protect a surviving spouse?
=======================
Learn the tips & strategies to get the most out of life with your money.

Get started today → https://www.rootfinancialpartners.com/

Get access to the retirement software I use in this video and more → https://retirement-planning-academy.m...

🔔 Make sure to subscribe here to be notified for future videos!
   / @rootfp  

_ _

👥 Make sure to connect with us on all socials below → https://beacons.ai/rootfinancialpartners

⏱Timestamps:⏱
0:00 - Steve’s question
3:40 - An example
6:41 - 3 changes
12:32 - Positive impacts
15:22 - RMD calculations
16:45 - Widows tax penalty
19:46 - When to do Roth conversions
23:40 - Big age gap
28:45 - Start with a good reason
29:57 - The bottom line

Other videos we think you'll like:

About Root:    • Financial advisors with heart.  

Worried about retirement?

Start here:    • Worried About Retirement..Start With ...