This week, we’re talking all about the intricacies of Roth accounts and conversions to help anyone looking for ways to optimize their retirement savings. Understanding the difference between traditional and Roth IRAs is crucial for effective tax planning and long-term financial security.
We’ll discuss the powerful benefits of Roth conversions, the differences between traditional and Roth IRAs, and the implications for your financial future. Whether you're considering a Roth conversion or simply want to understand how to maximize your retirement savings, this show provides valuable insights and actionable steps.
Here’s some of what we discuss in this episode:
- Should you convert a part of your traditional IRA or 401k into a Roth?
- All the differences between a Roth and the traditional post-tax accounts.
- How can a Roth conversion benefit clients and what should you consider first?
- Two ways to treat the taxes associated with Roth conversions.
- The five-year rule for Roths.
WAYS TO CONNECT:
Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg
Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.
If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.