How to Reduce taxes on 2022 multi million dollar Roth IRA Conversions

There is still time to save money on multi million dollar Roth IRA conversions in 2022! The tax laws are changing!! This case study is of a real life client who called wanting to know how they could reduce their current 2022 projected tax liability of $526k on $1.7m income. They completed a $850k Roth IRA conversion at the beginning of the year, and are looking at taking an additional $300k out of the IRA to pay the taxes. They know that future tax rates are going up, and they're worried that congress is going to change to laws to RESTRICT Roth IRA conversions for affluent retirees---so they had three questions: 1.Have we done the right thing converting $850k? 2. Is there anything that we can do to reduce 2022 taxes? 3. How can our overall situation be improved? ANSWER: Yes, yes and YES! The Supercharged Roth IRA converson tools can be used to reduce your 2022 tax liability and can help you convert the entire $3.5m IRA account and pay LESS TAXES that you would have paid on the original $850k conversion. 2022 Taxes: $850k conversion ($1.3 after additional withdrawals): $526k 2022 Taxes: $3.5m Normal conversion: $$1.3m 2022 Taxes: $3.5m Supercharged Roth Conversion: $424k How does this couple save $900k on a $3.5m Roth conversion? The compound benefit of those tax savings grows to more that $35 million. Their ending net worth increases from $17m (which is still good) to $53 million at age 100. They benefit from the unique situation of: 1. Strong Social Security benefits 2. Strong pension benefits 3. They don't need their IRA Required Minimum Distributions to live on This is just one example of many that we help people solve. IF YOU THINK THAT THE SUPERCHARGED ROTH CONVERSION STRATEGY IS TOO GOOD TO BE TRUE, YOU ARE KIND OF CORRECT. The tax legislation has already been proposed to take away these strategies from tax payers...the writing is on the wall. It is not too late to still benefit in 2022. If you are interested, click on the link below, schedule a 15 minute introductory call to run through your situation and we can tell you if we can help. Take Care!! Dave Anthony 303-518-3662 Direct...(read more)

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"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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