Crucial Tax Topics 2021-2022 with Art Werner - Converting to a Roth IRA

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Tax rates appear to be on the most certain long-term increase. Tax planning’s main objective is keeping tax rates at their lowest possible level through time. The time is exactly right now to accomplish this. There’s a window today to convert from a traditional IRA to a Roth – and it’s closing very soon.  

In this course, you’ll learn exactly how to prevent increasing tax rates (and other proposed changes) from seriously battering the value of a retirement nest egg. 

A Roth conversion is an intensely personal decision that requires impeccable attention to a client’s specifics. We’ll establish for you the Roth conversion thinking process and all things to consider.

Basic Course Information

Learning Objectives

• Learn all about Converting to a Roth IRA

 

Major Subjects

• The Roth conversion evaluation process
• Impact of (likely to pass) proposed legislation on IRAs
• Exploring how the SECURE Act’s 10 year rule decimates most estate plans 
• Most IRA trusts don’t work anymore – Roths to the rescue
• Benefits and pitfalls of a Roth conversion
• Projecting income tax on conversions – The many impacts of the game
• Extraordinary Roth IRA estate planning/estate tax advantages now and later
• The beauty of no income tax at retirement (will I run out of money?)
• How to avoid paying too much tax on a Roth conversion
• The permanent nature of a Roth conversion (the hard TCJA hand slap)
• IRA conversion myths to promptly dispose of 
• Know that you know when to move your checker on the board