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We unpack a strategy to transform an inherited IRA into tax-free retirement wealth through a strategic Roth conversion. A client recently inherited $52,000 from his mother and was taking RMDs without a clear plan until we implemented this approach.
What you'll learn:
β’ Inherited IRAs become "beneficiary IRAs" when passed down to non-spouses
β’ Beneficiary IRAs must be fully depleted within 10 years
β’ RMDs are calculated based on prior year account value and IRS tables
β’ Taking RMDs without a strategy can miss major tax planning opportunities
ποΈ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
βοΈ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
π Paradigm Wealth Partners (website) β Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
π What the Wealth (website) β Adding clarity to difficult financial topics: https://whatthewealth.com/
βΆοΈ YouTube: Paradigm Wealth Partners
If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me.
Thanks for Listening!
Jonathan
4.8
1515 ratings
We unpack a strategy to transform an inherited IRA into tax-free retirement wealth through a strategic Roth conversion. A client recently inherited $52,000 from his mother and was taking RMDs without a clear plan until we implemented this approach.
What you'll learn:
β’ Inherited IRAs become "beneficiary IRAs" when passed down to non-spouses
β’ Beneficiary IRAs must be fully depleted within 10 years
β’ RMDs are calculated based on prior year account value and IRS tables
β’ Taking RMDs without a strategy can miss major tax planning opportunities
ποΈ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
βοΈ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
π Paradigm Wealth Partners (website) β Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
π What the Wealth (website) β Adding clarity to difficult financial topics: https://whatthewealth.com/
βΆοΈ YouTube: Paradigm Wealth Partners
If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me.
Thanks for Listening!
Jonathan