The times they are a-changin'. Tax rates appear to be on the long-term increase. Tax planning’s main objective is keeping tax rates at their lowest possible level over time. The time is now to accomplish this. There is a window today to convert from a traditional IRA to a Roth—and it’s closing very soon. In this course, you’ll learn how to prevent increasing tax rates (and other proposed changes) from seriously damaging the value of a retirement nest egg. A Roth conversion is a personal decision that requires attention to a client’s specific circumstances. 

Learning Objectives:

• Summarize the Roth conversion evaluation process


• Recognize the impact of proposed legislation on IRAs


• Outline how the SECURE Act’s 10-year rule decimates most estate plans


• Identify how most IRA trusts don’t work anymore


• Recall benefits and pitfalls of a Roth conversion


• Determine income tax on conversions


• Determine Roth IRA estate planning/estate tax advantages now and later


• Summarize the beauty of no income tax at retirement 


• Identify how to avoid paying too much tax on a Roth conversion


• Recall the permanent nature of a Roth conversion


• Give examples of IRA conversion myths