By Greg McCall, CFP® | Eagle Financial Planning Roth conversions are one of the most talked-about moves in financial planning right now. You’ve probably seen the headlines, heard it from your advisor, maybe even read a few articles making it sound like a done deal. Convert now, pay taxes today, grow your money tax-free. Sounds…
If you’ve spent decades building a six or seven-figure portfolio, you’ve probably given a lot of thought to what you’re investing in. That’s natural. But there’s a separate question that tends to get far less attention, and it can cost you tens of thousands of dollars over a retirement lifetime if it goes unaddressed. The…
Most people will pay significantly more taxes during their working years than they will once they retire. Understanding this difference is critical for making smart tax decisions, especially when it comes to strategies such as Roth conversions and retirement tax planning. Understanding how taxes change after retirement can help you reduce your lifetime tax burden…
Most people approaching retirement have their savings sitting in just two places. Their 401(k) and possibly a Roth IRA. Those are great accounts. However, if you want true flexibility in retirement, especially during the important years between age 55 and 65, you need a third tax bucket that many retirees overlook. This third bucket gives…
