How Strategic Tax Planning Can Protect Your Retirement from the IRS - EP 036

Retirees are facing a hidden challenge: escalating taxes on their retirement savings. In this episode learn how the “tax torpedo” impacts households with large pre-tax accounts like 401(k)s and IRAs. 

Discover how the One Big Beautiful Bill Act created a limited-time window to convert pre-tax savings to Roth IRAs, reduce lifetime tax burdens, and protect more wealth for your family.

Hear the story of the Andersons, a Georgia couple who risked a $95,000 annual tax bill for the surviving spouse. With a tactical Roth conversion strategy, they could save $577,000 in lifetime taxes and unlock $250,000 in additional retirement income.

If you’ve saved $500,000+ in pre-tax accounts, this episode shows how to find your “opportunity zone” and approach retirement with greater confidence.

Call or text RRR to 877-731-7424 to schedule your free Retirement Clarity Call today.

Disclaimer: Converting an employer plan account or traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences, including, but not limited to, a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. 

RichLife Advisors does not offer legal or tax advice. Listeners are encouraged to discuss their financial needs with the appropriate professional regarding their individual circumstance. 

 Maximizing your Social Security benefits assumes foreknowledge of your date of death. Claiming later for a higher benefit may result in fewer benefits if you pass away earlier than expected. Investing in securities involves risk, including potential loss. 

No investment strategy can guarantee returns or eliminate risk. Investment values and income can fluctuate with market conditions. Past performance does not predict future results. References to protection or steady income apply only to fixed insurance products, not securities or investment advisory products. Guarantees depend on the insurance company's financial strength. Surrender charges apply for early withdrawal, which is taxed as ordinary income and may incur a 10% federal tax penalty if taken before age 59½. 

To learn more, visit www.RichLifeAdvisors.com

Connect with us:
https://www.facebook.com/RichLifeAdvisors/
https://www.youtube.com/@richlifeadvisors
https://www.linkedin.com/company/richlifeadvisors/
https://twitter.com/RichLifeAdvisor

Disclosure:
Beau Henderson is an investment advisor representative with Fiduciary Capital, Inc., a registered investment advisor. Opinions expressed are for educational purposes only and do not constitute specific individual advice. RichLife Advisors does not offer legal or tax advice. Listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.

Beau Henderson and RichLife Advisors are not associated with or endorsed by Medicare, the Social Security Administration, or any other government agency. Maximizing your Social Security benefits assumes foreknowledge of your date of death. Claiming later for a higher benefit may result in fewer benefits if you pass away earlier than expected. Investing in securities involves risk, including potential loss.