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March 18, 2023 10:00 am
There may never be a better time to open a #Roth account. Roth #IRAs offer tax-free earnings growth, and as Peter with Richon Planning explains to Erin Kennedy, there are 5 clear-cut reasons you should consider investing in a Roth today:
Today's Historically Low Tax Rate: the Tax Cuts and Jobs Act, which reduced federal income tax rates, is set to sunset in 2025
2. Your Depreciated Portfolio: pay taxes on a smaller value now, then allow that future growth to happen tax free
3. Possible Elimination of Backdoor Roths: the Build Back Better Act proposed ending Backdoor Roths; the loophole dodged the axe... for now.
4. Legacy Planning: assets in Roths are not subject to probate and can be passed on to heirs tax-free
5. No Required Minimum Distributions: which means you have more control over your income and your tax liability
If you'd like to speak with Peter about opening a Roth account, or if you'd like to learn how to convert your traditional IRA to a Roth IRA, please reach out by calling (919) 300-5886 or by visiting www.RichonPlanning.com
#taxfree #TaxDiversification #wealthmanagement #retirement
