If you have a large IRA, there’s a good chance you’re playing the game exactly how the IRS wants, and it’s costing you millions.
Most investors are told to defer taxes. That’s where they go wrong.
In this episode, CFP and tax strategist Craig Wear explains why Roth conversions often make more sense sooner and more aggressively than most people think.
We cover:
• Why waiting can cost you
• How RMDs increase your tax bill
• The hidden tax trap for retirees
• When to convert and how much
Have more questions, or want more resources like a tax calculator? Go to https://investlikeabillionaire.org/ to learn more about our community.
Check out Ben & Bob’s company and invest along at https://aspenfunds.us/
Prior to Aspen, Mr. Fraser was a commercial lender at First Business Bank specializing in government backed loan originations (SBA & USDA), for one of the top SBA lenders in the nation. Prior to that he was a commercial credit underwriter for Crossfirst Bank, personally responsible for underwriting over $125MM in C&I and CRE loans across a variety of industries.
Prior to that, he worked for Tortoise Capital Advisors, a boutique asset management firm in energy infrastructure investments, and helped grow their institutional managed accounts from ~$3BN AUM to ~$7BN AUM. Ben was responsible for responding to all institutional RFPs from interested institutional investors.
Ben completed his MBA from Azusa Pacific University, and his B.S. in Finance from the University of Kansas, graduating magna cum laude.
