Should You Sell That Old Annuity If You’re Already Wealthy?

Описание: If you’ve built significant wealth and are still holding on to an old annuity, is it time to cash out — or let it ride? In this clip from the Allworth Money Matters podcast, Scott and Pat advise a caller with $8–9 million in assets and a decades-old annuity worth $235K. They explore whether selling makes sense, the tax impact of withdrawals, and smarter strategies like Roth conversions and estate planning. If you’re a high-net-worth retiree, this is the kind of financial decision you don’t want to get wrong.

📌 Topics covered:
-Selling annuities when you’re already financially secure
-Tax traps for high-income retirees
-When to start Roth IRA conversions
-Smart planning for RMDs and inheritance
-State tax considerations for your heirs

LISTEN TO THE FULL EPISODE HERE:    • Roth Conversions, Annuities, and Smart Tax...  

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#Annuities #WealthPlanning #RetirementStrategy #RothConversion #EstatePlanning #MoneyMattersPodcast