Listener Q&A: Lowering Taxes with IRA Conversions, Understanding RMDs & Gifting Strategies

Check out the latest podcast episode on retirement planning and Social Security by listening on “Apple Podcasts” or “Spotify Podcasts” and watch more retirement planning videos at YouTube.com/@MrRetirement.

Ready to lower your lifetime taxes? Looking for clarity around rules around gifting money to your kids? Unsure of whether you should keep your money in a traditional IRA or convert it to a Roth IRA? You’re not alone!

In this episode, I answer these listener-submitted questions and provide some real world examples of how you might apply this information.

• How to lower Required Minimum Distribution RMD taxes over time (1:04)
• Annual Gifting Limit: What’s the number and how does it work? (5:50)
• Should I Roth convert if I already have a lot of non-IRA investments? (11:16)

If you’ve got a question to ask me for the next Q&A, type it into the yellow box on the right.

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