Are you considering a Roth conversion as part of your retirement strategy? In this episode of Financial Focus, host Peter talks with John Kuykendall, founder and CEO of Gulf Coast Financial Services, to break down the mechanics, timing, and key tax considerations involved in moving funds into a Roth account.
In this episode, we cover:
The core tax advantages and tradeoffs of traditional IRAs vs. Roth accounts
Why paying conversion taxes from outside cash reserves is generally preferred
How Roth conversions can impact Medicare Part B & D premiums (IRMAA) starting at age 63
Rules for converting while still working or when taking Required Minimum Distributions (RMDs)
How proactive tax planning can assist with estate planning and managing tax brackets
John Kuykendall is registered with and securities are offered through Kovack Securities, Inc. Member FINRA/SIPC. 6451 North Federal Highway, Suite 1201, Fort Lauderdale, FL 33308 (954) 782-4771. Advisory Services are offered through GulfCoast Financial Services, Inc., a Registered Investment Advisor in Florida. GulfCoast Financial Services, Inc. is not affiliated with Kovack Securities, Inc. or Kovack Advisors, Inc. John Kuykendall may discuss/transact securities related business in: CA, FL, ID, and OK.
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