Many individuals may decide to make changes to their retirement plan, either as they approach retirement or as the result of the economy. Current tax legislation has allowed many individuals to accumulate a great deal of money tax-deferred in their traditional IRA and/or 401(k) accounts. It’s important to keep in mind that the advantages that seemingly save taxes now may be offset by taxes you’re required to pay down the line.
In this episode of Money Script Monday, Kyle explains the power behind the split annuity and Roth conversion strategy and how you can incorporate it into your retirement plan to significantly reduce future taxes.
Resources Provided for This Episode
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