How to pay less Taxes on Roth IRA Conversions for Millionaires

Short version of a case study of a retired couple who was able to save $28 million in taxes (projected) and increase their net worth by $63 million (projected) by utilizing comprehensive Roth IRA conversion techniques!

NOTE this video was made in 2020 but many of the tax planning strategies will work in 2023 for multi million dollar Roth IRA conversions.

If you would like more info, please reach out to an Optimal Tax planner by setting up on online meeting at the link below!

Dave Anthony, RMA®
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DISCLAIMER:
This is for illustration purposes only. The clients' assumed rate of return is 10%, based on 100% large cap growth allocation. It is unlikely that the client will maintain that allocation throughout retirement, but this case study reflects the TAX savings that can be generated by comprehensive planning. We wanted to keep as many things as constant as we could. The key here is the application of tax tools, techniques, and instruments to help this retired millionaire couple convert more of the IRA to a tax free Roth IRA and to save a substantial amount in taxes. By investing the difference in tax free accounts, they were able to benefit on tax free growth.