Many retirees are surprised to learn they remain in a high tax bracket even after leaving the workforce. Taking Social Security along with Required Minimum Distributions (RMDs) from retirement accounts is often what spikes a retiree’s tax exposure. Soundmark Wealth Principal Todd Flynn explains how you can save significant tax and money over time in converting traditional IRAs into Roth IRAs.
Need expert advice? Let’s connect, I’d be happy to provide a second opinion on your financial profile and look for ways to minimize your tax exposure.