In this episode of the Wealth Breakdown Podcast, we explore a real-world case study on Roth IRA conversions to help you understand when and why they make sense. Learn how Roth conversions can lower long-term taxes, maximize estate planning benefits, and help you avoid the 3.8% Net Investment Income Tax (NIIT).

We break down key strategies, including tax bracket management, income smoothing, and leveraging outside funds to pay conversion taxes. Whether you're a taxpayer, business owner, or financial professional, this episode will guide you through the factors to consider for a successful Roth IRA conversion.

🔑 Key Takeaways:

• How to compare current vs. future tax rates for a Roth conversion.
• Case study: Roth conversion strategies for a single taxpayer.
• Estate planning benefits and NIIT mitigation.
• Income smoothing to avoid higher tax brackets.
• Tactical and strategic approaches to Roth conversions.

📊 Resources Mentioned:

• Contact Us: https://www.bloomwoodcapital.com/contact
• Wealth Breakdown Podcast - Apple: 
  • https://podcasts.apple.com/us/podcast/wealth-breakdown/id1778522619
• Wealth Breakdown Podcast - Spotify: 
  • https://open.spotify.com/show/098AWkahqNVjjAm8Ya71bP?si=edb92b294886438a
• Linkedin: https://www.linkedin.com/in/billy-amberg/
• Facebook: https://www.facebook.com/profile.php?id=100069639591247
• X: https://x.com/billzamberg
• Youtube: https://www.youtube.com/@bloomwoodfp
• Disclosures: https://www.bloomwoodcapital.com/smdisclosures
• Blog Post: https://www.bloomwoodcapital.com/post/roth-ira-conversion-a-practical-case-study-and-key-considerations

🎧 Listen Now: Don’t miss this insightful episode that could help you make better financial decisions for your retirement and estate planning.

🔔 Subscribe for More Wealth Strategies: Stay updated on future episodes as we break down complex financial topics into practical, actionable advice.

#RothIRA #FinancialPlanning #WealthManagement #TaxStrategies #RetirementPlanning #WealthBreakdownPodcast