Case study: how we were able to reduce someone's fees while providing them with more income in retirement. Answering listener questions on trust taxation and options for converting your tax-deferred 401(k). Volunteering in retirement with longevity and gerontology expert, Dr. Dawn Carr. Roth conversion case study outlining how we could help a couple save on future taxes.

Retire With Purpose Radio Hour 302 - March 2, 2024

Join Brian J. Decker and Marc Knauss, CFP(R) on this week’s episode of Safer Retirement Radio as they uncover why your traditional IRA might be a tax “loan” to the IRS—and how smart Roth conversion planning can turn the tables in your favor. From real-world illustrations of IRA tax bills topping $1.4 million to step-by-step guidance on:

IRA Inefficiency: How deferral becomes a hefty tax liability for you —and your heirs

Roth Conversions: Why paying taxes now can yield tax-free growth and a far larger legacy

Medicare IRMAA: How distributions affect your Medicare premiums (and how to avoid spikes)

Advanced Strategies: QDRO “happy divorces,” donor-advised funds, dynasty trusts, cost-segregation for real estate, and more

Whether you’re retired or close to retirement, the right tax plan can boost your retirement income, protect against future rate hikes, and maximize what you pass on. Tune in and discover:

Real numbers: $1 million IRA → $1.4 million paid to the IRS vs. $319 000 with a Roth plan

When and how to convert for maximum impact

Estate-planning moves to shelter assets from both income and estate taxes

🔗 Resources & Links:
• Download “The Decker Approach to Retirement Planning”: https://deckerretirementplanning.com/
• Safer Retirement Education: https://deckerretirementplanning.com/education
• Schedule a no-cost tax analysis: 833-707-3030

Navigating IRA Tax Traps & Powerful Roth Conversion Strategies | Episode 135

No smoke, no mirrors, only straight talk for your golden years. If you're in retirement, near retirement, or even thinking about retirement, Howard Bailey Financial's Casey Weade and Marshal Johnson are here to provide you with tips and tactics on how to be financially successful.

Safer Retirement Radio is where you can get the transparency you deserve®. Whether you are currently retired or plan to retire soon, this show is full of retirement tips that can help you get thousands of extra dollars in and out of your retirement.



Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP®️ certification mark, the CERTIFIED FINANCIAL PLANNER™️ certification mark, and the CFP®️ certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

New tracks tagged #RothConversion