Roth Conversion or Not? What to Do With a $2.2 Million IRA Before RMDs Hit

Описание: Should you do a Roth conversion before required minimum distributions (RMDs) begin? Nancy is 64, retiring with a $2.2 million IRA, and worried about future taxes, Medicare IRMAA surcharges, and leaving money to her daughter. The big question: does a Roth conversion actually make sense in her situation?

In this clip from the Money Matters podcast presented by Allworth Financial, Scott and Pat break down when a Roth conversion is smart — and when it may not be worth it. They discuss required minimum distributions (RMDs), Social Security timing, tax brackets, and a creative strategy to “match maturities” to effectively pay off a low-interest mortgage while keeping investments working.

If you’re approaching retirement with a large pre-tax IRA and wondering how to reduce future taxes, manage RMDs, or decide when to claim Social Security, this conversation is packed with practical retirement planning insights.

Key topics covered:
-Roth conversion strategy before age 75
-How RMDs impact your tax bracket
-IRMAA and Medicare premium concerns
-4% rule vs. flexible IRA withdrawals
-Paying off a 2.85% mortgage strategically
Social Security at 65 vs. 70
-Leaving tax-efficient money to heirs

If you're within 5–10 years of retirement, this is a must-watch.

LISTEN TO THE FULL EPISODE HERE:    • A Common Tax Mistake Wealthy Investors Ove...  

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