Feb 16, 2023

The first quarter of the year is always a time when people begin thinking about taxes just a bit more. That yearly filing will often stir up a few financial questions and get people asking about strategies to minimize taxes down the road.

In this episode, we’re following that theme as we open up the mailbag to take a few questions that all deal with some aspect of retirement and tax planning. From converting IRAs to Roth, withdrawing from and inherited IRA, and how to project taxes in retirement, Nancy will tackle each of these to give you a better idea of how to approach these planning items. 

With it being the week of Valentine’s Day, we’ll also share a little nugget on the history of the holiday.  

Here’s some of what you’ll learn in this episode: 

·      Is it a good idea to start converting as much as your IRA to a Roth if you’re retiring within 5-6 years?  (2:00)

·      Some Valentine’s Day trivia. (6:05)

·      Rules for inherited IRAs and withdrawing money.  (7:00)

·      Should you be making estimated tax payments every quarter and how do you project your tax amount in retirement?  (10:33)