Learn more about how you can prepare for retirement by downloading the complimentary Retire Your Way Toolkit – https://bit.ly/3MZTNCf
Register for our next Journey to Retirement Online Workshop to learn more about building a comprehensive retirement plan. – https://bit.ly/4aeNR1B
In this episode of “Retiring Today,” we delve into a key question from our online Journey to Retirement Online Workshop: Should you contribute pre-tax 401(k) and then convert to Roth?
– Understanding the tax-saving benefits of Roth conversion.
– Insights into Iowa’s new estate tax law for retirees.
– A deep dive into pre-tax 401(k) contributions vs. Roth 401(k) plans.
– Practical tips to save on state taxes with strategic contributions.
– The importance of a customized and comprehensive tax plan.
Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®
https://merkleretirementplanning.com/staff-members/loren-merkle/
Clint Huntrods, CERTIFIED FINANCIAL FIDUCIARY®, PhD, Retirement Planner
https://merkleretirementplanning.com/staff-members/clint-huntrods/
Molly Nelson, Host of Retiring Today
https://merkleretirementplanning.com/staff-members/molly-nelson/
Chapter
00:00 Pre-tax 401k or Roth
1:37 State tax change in Iowa
4:05 Don’t wait until retirement to plan
—
This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.