Are you looking for a way to save for retirement and potentially reduce your taxes in the future? If so, you may want to consider a Roth IRA or Roth 401K. Join Kris Flammang on "The Confident Retirement" as he discusses Roth IRAs and Roth 401Ks, which both offer a unique opportunity to save for retirement with after-tax dollars, allowing for tax-free growth and withdrawals in the future.
A Roth conversion is a strategy that allows you to convert funds from a traditional retirement account into a Roth IRA, potentially providing tax advantages and savings in the future. It is important to consult with a financial advisor or tax professional to determine which strategy is best for you, as a Roth conversion can eliminate or reduce future required minimum distributions (RMDs) and make sense if you anticipate being in a lower tax bracket now than you think you will be in the future in retirement.
Tune in to learn the difference between Roth IRAs and Roth 401ks and secure your retirement!
Here is what to expect on this week’s show:
The difference between Roth IRAs and Roth 401ks
Roth conversions
When a Roth conversion might be advantageous
How to potentially reduce your taxes in the future
Connect with Kris:
LPFadvisors.com
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