The Retirement Tax Trap
How to Avoid Overpaying "Uncle Sam"
Meet: Jim & Lisa
Liza is 54 & a teacher
Jim is 57 & an Enginner
They have 2 children
Annual Income: $160,000
Retirement Income Goal:
$135,000
Current Investments
$800,000
3 Main "Buckets"
For Your Investments
Which Rules Would You Rather Have?
Contribution vS. Conversions
Annual CONTRIBUTION Limits
IRAs: $7,000 ($8,000 for those over 50)
401(K): $23,500
Annual CONVERSION Limits
Unlimited
But HOW & WHY Would I Pay Taxed Earlier Than Necessary?
IMAGINE
If you did this Every Year
Thats A Loss Of:
-5.74% to -6.36%
YEAR AFTER YEAR....
Total Withdrawals From RMDs:
$2,743,901
Total Paid To Uncle Sam:
$558,463
