Don’t we all dream of tax free income? Taxes today just might be on sale! Take advantage of today’s tax rates and consider an IRA conversion from a traditional IRA to a Roth IRA. You guessed it, future tax rates could be considerably higher when you decide to retire. Take steps now to minimize your payout to Uncle Sam and enjoy every hard earned penny at retirement time. Watch this video blog for 5 tips you should know when considering an IRA conversion. Got a question? Just ask!
IRAs are basically a savings account with big tax breaks, making it an ideal way save for your retirement. So what’s the catch? IRAs come with a host of rules you need to comply within certain parameters and it’s easy to overlook or misinterpret them. Take a misstep and you’re subject to penalties and taxes that could have been avoided with proper planning. In Part 1 of this video blog, we’ve broken down five key rules so you can make the most of your IRAs and avoid any missteps. Stayed tuned for the next video blog 5 Key IRA Rules: Part 2, because there’s a few more IRA rules you NEED to know!
5 Key IRA Rules: Part 1
Did you know you have more tax free income options at retirement? Have you been told you can’t contribute to a Roth IRA? Want to give less to Uncle Sam? Brett Anderson, President of St. Croix Advisors assures you through plan design, you can!