Roth IRA Conversions: Advanced Planning Strategies

If you leave your IRA to your children, how much of it would they actually get to keep? Here’s a hint: if your kids are still working, they could end up keeping less than half after taxes. Learn why that happens and what you can do now, to help them keep more of the money you’ve worked so hard to build.

Topics Discussed:

Why Required Minimum Distributions create six compounding tax problems — not just one
How RMDs push Social Security, Medicare premiums, and capital gains taxes higher simultaneously
The "low-income window" between retirement and age 73 — and why it's the most valuable planning opportunity most clients miss
Why the simple "break-even" calculation gives wealthy clients the wrong answer
How to fill tax brackets strategically across a multi-year conversion plan
The SECURE Act's 10-year inherited IRA rule — and what it means for your children's tax bill
Why the estate and income tax systems can combine to take more than half of an inherited IRA

Robert S. Davis

Instructor

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Robert S. Davis graduated from Mankato State University with a Bachelor of Science in Business and received a Master’s degree from Michigan State University. He is a CERTIFIEDFINANCIALPLANNER™ practitioner holding a Series 66 NASD investment license. Valuing the importance of life-long learning, he continues participating in multiple professional study programs and advanced courses to keep current in the financial advisory field. He also teaches several classes through Community Ed on topics such as social security, cybersecurity, IRA planning and more. Following several years in the Peace Corps, he began his financial planning career at an independent advisory firm before striking out on his own. He established Financial Compass in 2005 to provide honest, independent advice that always serves the best interests of his clients who come from all walks of life.