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Wine Down - Taxes, Roth Conversion, Market Correction and Inflation
Episode 9326th July 2021 • Secure Your Retirement • Radon Stancil, CFP® & Murs Tariq, CFP®
00:00:00 00:19:11

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The pandemic has significantly slowed down and things are changing. What questions relating to your retirement planning do you have?

In this episode Secure Your Retirement, we tackle some questions on the changes that might occur in the future during our Wine Down. We cover questions on potential tax changes, Roth conversion, planning for a market correction, and inflation.

Listen in to understand why you need a plan and don’t need to necessarily rush before any concrete changes happen.

In this episode, find out:

·      The potential change in capital gains tax and its impact on you according to your income.

·      An increase in the tax rate on high-income earners.

·      Conversations on significantly lowering estate tax from the current $10 million.

·      Talks on adjusting co-spaces where beneficiaries have to pay taxes on the value increase of a property.

·      Why you should always look into Roth conversion, especially if you’re close to retirement.

·      Understanding how to convert or contribute money into a Roth account and its advantages.

·      Why you should have a plan in place for the pre-determined market correction.

·      How to strategize and shift into assets that will do good in inflation.

Tweetable Quotes:

·      “These are potentials, do not act on those potentials yet, let’s wait and see what they are.”- Radon Stancil

·      “If you make a lot of money, then you may not have the ability to contribute to a Roth account.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.