Getting clients to start saving for retirement is a challenge in itself. Maximizing the tax benefits of how they do so is the next step.
In this episode, Marty and Jonathan go over some IRA conversion basics, such as:
1. What is regular IRA?
2. What is a Roth IRA?
3. If you convert an IRA to a Roth what are the tax consequences?
4. What can you do to offset the costs of conversion?
5. Should you retain some funds in a regular IRA for QCDs