Longtime financial advisor and founder of www.MyLifeBroker.com Pat Ginefra explains the ins and outs of a Roth Conversion to limit your tax liability. His firm suggests converting and paying the taxes today when taxes are likely lower than in the future, and then letting your remaining balance grow tax-free. That tax-free growth can make a significant difference in the amount of money a retiree has at their disposal over the course of retirement. This strategy can be incorporated with all the other elements of a retirement plan and should be explored with the help of a dedicated financial advisor.
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Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information in these videos is for informational purposes only. Opinions expressed are solely those of MyLifeBroker.com. Any references to ‘Lifetime Income,’ ‘Income You Can’t Outlive,’ or the like refer only to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
