Protecting Your IRA for the Next Generation (Ep.12)
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At age 73, you’re required to withdraw roughly 3.8% from your retirement account yearly. But did you know that proper planning can convert these withdrawals into tax-free money for your kids?
In this installment we continue our How To Protect Your Loved Ones series by exploring strategic ways to make your IRA work harder for your heirs, covering essential strategies like RMD rescue plans, Roth conversions, and charitable giving. Gain deep insights into how these approaches can not only minimize taxes but also significantly grow your wealth for future generations.
Terry Wheeler, CFP® discusses:
- Understanding RMDs and rescue strategies
- Roth conversions explained for tax efficiency
- Charitable strategies for multi-generational wealth
- Tailoring estate plans based on individual client scenarios
- And more
Resource:
Connect with Terry Wheeler:
- WE Alliance Wealth Advisors
- 1-800-355-8174
- terry@weriaadvisors.com
- LinkedIn: Terry Wheeler
- Facebook: WE Alliance Wealth Advisors, Inc
- YouTube: WE Alliance Wealth Advisors, Inc
Terry Wheeler is an Investment Adviser Representative of WE Alliance Wealth Advisors, Inc., a SEC-registered investment adviser located in Roseville, CA.
The information presented is for educational purposes only. No listener should assume that any discussions or information presented serves as the receipt of, or a substitute for, personalized advice from WE Alliance Wealth Advisors, Inc. or from any other investment professional and is not intended as an offer of solicitation for the sale or purchase of any specific securities, investments, or investment strategies. WE Alliance Wealth Advisors, Inc. is not a law firm or accounting firm, and no portion of this Podcast should be interpreted as legal, accounting, or tax advice. Information expressed does not take into account your specific situation or objectives and is not appropriate for every individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.