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May 19, 2025 47 mins

Are you missing one of the biggest tax-saving opportunities of your retirement life? In this episode, Beau Henderson breaks down the Tactical Roth Conversion Strategy and why acting before December 31 could save retirees tens of thousands over time. 

In this tax-focused episode, Beau and producer Bruce Steinbrock go deep on why Roth conversions aren’t just a good idea  —  they’re a foundational tool for lowering your lifetime tax burden.  

Beau unpacks the often-overlooked dangers of required minimum distributions (RMDs), how rising tax brackets after a spouse passes can blindside retirees, and how IRAs are essentially “IOUs to the IRS” unless handled with precision. From Medicare surcharges to the widow penalty to the impact of the Tax Cuts and Jobs Act sunset in 2026, this episode lays out exactly how proactive tax planning can make or break a retirement plan.

Takeaways

  • Roth conversions must be planned annually, not impulsively.
  • IRA balances double in ~10 years — so delay = bigger tax hits later.
  • Strategic planning can avoid the widow penalty.
  • December 31 is the true deadline — not April 15.
  • Medicare surcharges and tax brackets should be actively monitored.

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.

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 59 and a half.

To learn more, visit www.RichLifeAdvisors.com

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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.



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