August 26, 2021
Have you heard the rumors of RMD’s being pushed back to age 75? Are you concerned about your potential tax burden when you must start withdrawing from those retirement accounts? Curious what you could do now to improve your situation in the future and possibly beat the IRS at its own (tax) game? Start considering Roth conversions now! You will potentially pay tax on the conversion but depending on how much time you have for your account to grow, could mean HUGE tax savings down the line.
Carol Dixon, CFP® & Kevin DeRosa, CRPC®