4 Reasons to Have Some Tax-free (Roth) Money in Retirement

(don’t forget to checkout the video too)

Being able to strategically pull money from different buckets in retirement is incredibly important.

But managing taxes in retirement can be incredibly complex.

That’s why having some money in a Roth IRA is so important.

Not only can it help you potentially achieve a completely tax-free retirement but it has many other benefits that are often overlooked.

Here are 4 reasons to have (at least SOME) tax-free money to pull from in retirement:

✅ Roth IRA money can be used as supplemental income preventing you from moving into a higher tax bracket

This allows you to keep your effective tax rate as low as possible in retirement but also hit your retirement income goals comfortably

✅ Money pulled from Roth IRA’s is NOT considered provisional income for social security

This means that you can pull an unlimited amount of income from a Roth IRA without affecting how your social security is taxed

✅ There are no RMD’s (required minimum distributions)

This means that you are never FORCED to start taking money out of your Roth IRA (which is not the case with all of your taxable retirement money)

✅ All Roth IRA money transfers to your beneficiaries completely tax-free

This means that if you don’t spend all of your money in retirement you are leaving tax-free money to your loved ones rather than a big tax bill

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Enjoy this blog? You’ll probably enjoy this one as well: 55-year-old Man Wants $12k/month of Income for Life at age 59

To your success,

Matt