Learn about a strategy for minimizing taxes by using Roth conversions. Michael Mueller, Senior Financial Planner at Smith + Howard Wealth Management, explains how investors can take advantage of market downturns to convert traditional IRA assets into Roth IRAs, thereby locking in lower tax rates and potentially maximizing their long-term gains.
The article provides a detailed example of how this strategy works and how investors can calculate the potential tax savings. It also discusses the importance of careful planning and timing to ensure that the strategy is used effectively. Read the full article here.
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