I wonder if people are clear about the point Ari is making: Roth conversions usually make sense when the RMD projection is > pre-tax withdrawals for living expenses. Sometimes people embark on a Roth conversion strategy to mitigate the "SS tax torpedo," but this only applies if the pre-tax withdrawal to cover expected living expenses is below or in the torpedo range
I like the clever renaming to FIRE but FINE, Financial Independence Next Endeavor, is clearer. But can anyone decipher this one I just heard the other day? MINE
Since Linda and her husband are both over 59 1/2, IF they already have established Roth accounts that are over 5 years old, then I would say that they MIGHT want to do some conversions into a money market account, depending on their tax bracket. My thinking: if they plan to make a big purchase, they could use that Roth $$ towards it. It might avoid going into a higher tax bracket when that time comes. Am I missing something?
At 11:05 - "Do you want to feel confident about your plans for retirement?" - Has a client ever answered "No" to this question or the following two similar questions? I only ask because if I were to fill out this form I would purposely answer "No" just to see the expression on the advisor's face 🤣
I misspoke at the beginning! I meant left lane 😅
Diggin the show man!
I’m in Texas. Driving slow is any lane is frowned upon. 😂
Ari has been consistently clear about this topic. appreciated!
I wonder if people are clear about the point Ari is making: Roth conversions usually make sense when the RMD projection is > pre-tax withdrawals for living expenses.
Sometimes people embark on a Roth conversion strategy to mitigate the "SS tax torpedo," but this only applies if the pre-tax withdrawal to cover expected living expenses is below or in the torpedo range
@@ok2tmtsg I posted to amplify his point, not to be critical of his presentation
Thank you for the clarification
@@ok2tmtsgthat was inaccurate and rude
Thanks Ari. A lot of your message resonates with me
I like the clever renaming to FIRE but FINE, Financial Independence Next Endeavor, is clearer.
But can anyone decipher this one I just heard the other day? MINE
Since Linda and her husband are both over 59 1/2, IF they already have established Roth accounts that are over 5 years old, then I would say that they MIGHT want to do some conversions into a money market account, depending on their tax bracket. My thinking: if they plan to make a big purchase, they could use that Roth $$ towards it. It might avoid going into a higher tax bracket when that time comes. Am I missing something?
At 11:05 - "Do you want to feel confident about your plans for retirement?" - Has a client ever answered "No" to this question or the following two similar questions? I only ask because if I were to fill out this form I would purposely answer "No" just to see the expression on the advisor's face 🤣
Linda doesn’t have many years where she has no forced income. She should absolutely convert at least their tax deduction worth to ROTH.
If I retire in my 40s, like right now, I would get super bored. I just prefer working for now.
** Hip surgery can be done front or back. You're welcome. :)
Hit the 69th like. N I C E
Rob Gronkowski would approve
And I picked 69lbs of tomatoes this morning! In your FACE, Friday the 13th!!!!