Episode list

James Conole, CFP®

Where Should You Pull Funds from First in Retirement?
James recommends keeping an eye on your current tax bracket when deciding whether to draw money from a tax-deferred or tax-free account. But you also need to look to the future when required minimum distributions from tax-deferred accounts kick in.
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4 Reasons You Should NOT Do a Roth Conversion
The purpose of a Roth IRA conversion is to pay taxes on your pre-tax IRA funds now at a lower tax bracket than you would pay later at a higher tax bracket when required minimum distributions kick in. Here are a few cases where you may not be in that situation.
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The 3 Big Tax Mistakes EVERY Retiree Makes (Real World Examples)
Currently, people without wage income can realize substantial long term capital gains without tax. But as income from capital gain or IRA distributions increases Social Security benefits become increasingly taxable. Converting too much or too little to a Roth IRA can substantially impact life time tax payments.
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