3 Retirement Wealth Protection Tactics

Don't let taxes derail your retirement and estate planning strategies. Consider these strategies, involving maximizing Roth IRA possibilities and health savings accounts, to keep more of what you saved over the years.

You’re ready for retirement. You’ve successfully saved for decades, and now you and your spouse are prepared to ride off into the warm sunset of retirement. Plump tax-deferred retirement account balances are likely to translate into significant income each month.

Wait a minute! What about taxes?

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Header Cell - Column 0 Pre-ConversionPost-ConversionDifference
Traditional IRA Balance$664,466.30$454,466.30-$210,000
Roth IRA Balance$0$210,000+$210,000
RMD at 24% bracket$25,955.71$17,752.59-8,203.12

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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David Afraimi, IAR
Principal, BAM Advisory Group

David Afraimi is a highly energetic financial professional who appreciates the opportunity and unique challenge of working with a variety of clients in order to help them meet and exceed their financial and retirement objectives. David's certifications and licensing include the Series 7, 66, 24, Life & Health, Long-Term Care, and The National Social Security Advisor Certification.