The BEST Roth Conversion Strategy in 2022? | Roth Conversion Timing
Are you using the BEST Roth Conversion Strategy in 2022? Are you Roth Conversions timed properly throughout the year to maximize your after-tax wealth? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.
Roth Conversions are some of the most powerful tax strategies available to retirees.
They can move money from your 'tax-infested' accounts to a tax-free account by paying taxes in today's low tax environment.
So let's say you've built a forward-looking tax plan and know that you need to perform a 2022 Roth Conversion to minimize RMDs into the future. How should you perform that conversion?
When should you perform that conversion?
This may seem like a small detail but is massive in determining how effective your Roth Conversion ultimately is.
For instance, most retirees make a very common Roth Conversion mistake by waiting until the end of the year to perform a conversion.
Performing an end of the year conversion completely ignores other Roth Conversion Timing Strategies that can be significantly more effective.
Strategies like:
A Start of Year Conversion
A Split Conversion
A Equal Period Conversion
And a Drawdown or Discount Based Conversion
Watch this video as we show why the most common Roth Conversion strategy is statistically the worse and how you can reverse this common Roth Conversion mistake and build more tax free wealth.
#RothConversion #RetirementIncomePlanning #TaxPlanning
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