Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone, and welcome back to another episode of Ready for Retirement.

I'm your host, James Cannell.

And on last week's episode, we talked about Roth conversions.

On many episodes, on many past episodes, we've at least talked about or mentioned Roth conversions and the benefits of having money in Roth IRAs. The benefit, of course, being any growth is tax

free and any withdrawals from Roth IRAs or tax free, as well as how that integrates with

taxes on Social Security or Medicare premiums or other things like that. So it's clear that

Roth IRAs and using Roth IRAs can be a very

effective planning technique. The downside to some of these Roth conversions is it costs you money.

It costs you money in taxes to do some of these conversions. So the goal for today's episode is we're

going to talk about how do you use Roth IRAs or Roth conversions, but pair them with other

effective tax planning strategies

to pay the least possible amount in taxes that you can throughout retirement in maximizing

everything that your money can do for you?

Because the goal is to see how can we get as much money into tax-free accounts,

aka Roth IRAs, while paying the least possible amount in taxes to do so. So I am very excited for

today's episode because this is a strategy that I've implemented with several clients and several

people in the effect of it has been huge, saving people tens of thousands, hundreds of thousands

of dollars in taxes over the course of their retirement if done effectively. So big disclaimer. This is not

tax. This is not legal advice. This is for educational purposes only. I'm going to be sharing the

...