Tag: Roth IRA

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How to Evaluate a Roth Conversion for Retirement Tax Planning (Ep. 210)

How to Evaluate a Roth Conversion for Retirement Tax Planning (Ep. 210)

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Are you approaching retirement and wondering whether paying taxes on your IRA now through a Roth conversion could help reduce your future tax bill?

A Roth conversion can be an important part of retirement tax planning, but there’s no single approach that works for everyone. The timing, amount you convert, current and future tax brackets, Medicare costs, and even what you plan to leave to your children can all influence the decision.

In this episode, Larry Heller, CFP®, CDFA®, explains how Roth conversions work and what you should consider when deciding whether paying taxes today could create greater flexibility throughout retirement.

Larry discusses:

  • How Roth conversions work and why the converted amount becomes taxable income in the year you make the conversion
  • Why lower-income years before Social Security or required minimum distributions may provide an opportunity to consider converting
  • How current and future tax brackets can help determine when a Roth conversion may make sense
  • Why Medicare IRMAA and other tax consequences should be considered when choosing how much to convert
  • How Roth conversions and inherited IRA rules can affect the retirement assets you eventually leave to your children
  • And more!

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Heller Wealth Management is now part of Savant Wealth Management. Savant is a Registered Investment Advisor. This content is provided for informational and educational purposes only and should not be construed as personalized investment advice.

Effective March 31, 2026, Heller Wealth Management joined Savant Wealth Management (“Savant”). A copy of Savant’s current written disclosure Brochure discussing our advisory services and fees is available at www.savantwealth.com/disclosure-brochures/
Later-in-Life Marriages: What You Need to Protect (Ep. 187)

Later-in-Life Marriages: What You Need to Protect (Ep. 187)

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When love finds you later in life, what happens to your legacy?

With over 1,300 stepfamilies forming every day, later-in-life relationships are more common than ever, but so are the financial complexities that come with them. 

Whether you’re remarrying, cohabiting, or just exploring the next chapter, decisions around Social Security, estate planning, asset titling, and medical directives can be emotionally and financially loaded.

We’re laying out what you need to think through before you say “I do” (or move in). Because when assets, families, and emotions all intersect, proactive planning is what brings peace of mind.

What to expect:

  • The critical age 60 rule that can impact your Social Security survivor benefits
  • How to protect your kids from a previous marriage, even if you trust your new spouse
  • What happens to your home if you’re unmarried and pass away first?
  • Why adult children need to be part of your planning conversations
  • And more!

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Unlocking Tax Strategies to Optimize Your Retirement (Ep. 152)

Unlocking Tax Strategies to Optimize Your Retirement (Ep. 152)

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Are you effectively using tax strategies to boost your retirement investments?

Explore this insightful episode of the Life Unlimited Podcast featuring Larry Heller, CFP®, CDFA®. Larry delves into strategic tax planning and investment strategies designed to optimize retirement savings both during your working years and in retirement. Drawing from his experience as a former CPA, he underscores the significance of not only what you earn but also what you retain after taxes. Tune in as Larry highlights key strategies like capital gains management, tax loss harvesting, and the advantages of ETFs over mutual funds for tax efficiency. The episode emphasizes the importance of proactive tax planning for a secure and financially efficient retirement.

Larry Discusses:

  • The importance of understanding the advantages of ETFs for minimizing capital gains taxes
  • How and when to implement this strategy to reduce taxes by offsetting gains with losses
  • Insights on deciding which retirement account fits best depending on your current and future tax brackets
  • Maximizing tax benefits by converting during lower-income years, benefiting both the account holder and heirs
  • The necessity for a coordinated approach between financial advisors and tax professionals to optimize retirement strategies
  • And more!

 

Resources: 

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An Employer’s Guide to 401k Plans: A Four-Part Series (Part I)

An Employer’s Guide to 401k Plans: A Four-Part Series (Part I)

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Is it possible for 401(k) plans to work harder for you?

Join Larry Heller, CFP®, CDFA®, in this essential mini-series where Larry unravels the intricacies of 401(k)’s. This episode covers crucial topics such as the significance of proper plan design, the diverse types of 401k plans, and the advantages of offering these plans for business owners. From perspectives on contributions and matching to navigating investments and educational aspects, this podcast equips you with the knowledge to navigate the complexities of 401(k) plans.

Larry Discusses:

  • Various 401(k) plan types like Regular, Safe Harbor, and Matching Contribution plans
  • The substantial tax benefits for business owners and grasping the real value of comprehensive 401(k) plans, transcending mere costs
  • How adaptable 401(k) plan designs cater to evolving company needs
  • The significance of early involvement in plans and the critical choice between Roth and traditional contributions
  • Emphasizing the necessity of specialized education and tools like retirement calculators for making well-informed decisions
  • Heller Wealth Management’s benchmarking service to compare 401(k) plans against industry norms
  • And much more!

 

Resources: 

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