Being Proactive with Tax Planning

In this episode of the 365 Retirement Podcast, Ryan discusses the importance of tax planning in retirement, focusing on Roth conversions and their benefits. He explains how individuals can strategically convert their 401k funds to Roth IRAs to minimize tax liabilities and improve their long-term financial situation.

The conversation also covers the implications of Required Minimum Distributions (RMDs) and how they can affect overall tax efficiency and social security benefits. Ryan emphasizes the need for proactive planning and the potential advantages of starting these discussions early in the retirement process.

To learn more about how Ryan and the team at Rubino & Liang Wealth Partners can help you craft your own 365 Retirement Plan, log onto https://rlwealthpartners.com/ to get started.