401k to Roth Conversion: In this final response to our original video, “I’m 60 with $1.5 Million for Retirement: How a Roth Conversion Ladder Can Save Up to $600k in Taxes,” Troy Sharpe CFP®, CPWA®, CTS® breaks down 3 short viewer questions and concerns about tax payments from IRA accounts, a sidebyside comparison of the longterm benefits between Traditional IRA and Roth IRA Conversion routes, and how to decide if a partial conversion is right for you. Troy offers practical guidance on how to examine your own situation to uncover as much potential retirement savings as possible, giving you the visibility to make informed decisions towards the more comfortable retirement you deserve.

What is a Roth Conversion Ladder and how can it potentially save you $600k in taxes? Head over to the original video to find out:    • I’m 60 with $1.5 Million for Retireme...  

00:00 Jump right in:
00:50 "When doing Roth Conversions, are you able to pay those taxes from IRA accounts?"
01:47 What is the Safe Harbor Payment IRS Rule?
01:59 “What about a partial conversion instead of the whole IRA conversion?”
03:23 What is a Required Minimum Distribution (RMD)?
04:36 The tax question to ask yourself to decide if a Roth IRA Conversion is right for you
05:33 Are Roth Conversion taxes easier to handle than Social Security and Traditional IRA taxes?
06:19 Do Roth Conversion Distributions affect your Modified Adjusted Gross Income?
06:32 Does Municipal Bond Income affect your Modified Adjusted Gross Income?

#rothconversion #taxstrategy #retirementplanning

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Disclaimer:
This video discusses fixedincome investing and utilizes the 10year U.S. treasury as a general representative fixedincome investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixedincome assets. Other types of fixedincome products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.