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nsurance company for maximum retirement income, simultaneously.But, not a lot of people know that you can get a 10% credit that can be used to offset the taxes you will incur by performing a Roth conversions inside of an income vehicle.This is certainly a way to “soften the blow” of doing a Roth conversion.Now, what exactly is a Roth conversion⁉️A Roth conversion is where you move money from a taxable account like a 401k, 403b, or traditional IRA, to a Roth IRA.Doing this means that you are choosing to pay the taxes now, so that you can collect all of that money <a href="https://readmedium.com/case-study-retire-100-tax-free-with-123-000-year-plus-700k-of-sports-car-money-d4dc1bd19314">tax-free later</a> (OR transfer it to a loved one tax-free when you pass away).So let’s say you have $200k and you want to move it into a Roth IRA so that you can achieve a <a href="https://readmedium.com/the-top-5-ways-to-position-yourself-for-a-tax-free-retirement-120117bebdb3">tax-free retirement</a>.Smart move, right!?Well, hypothetically, let’s say that performing the Roth conversion

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costs you $40k in income taxes\dots (since you have to pay income taxes on a withdrawal from your taxable account).If you partner with the right insurance company, they are going to credit your income account with 10% immediately as soon as you designate that money as retirement income\dots<blockquote id="2aa3">So you’ll still owe$ 40k in income taxes, but the net cost of the conversion is only $20k because you also received a$ 20k “tax credit” added to the income value of your account…</blockquote>So creating performing Roth conversions to create a tax-free retirement is a worthwhile option for many people to explore ANYWAY, but by leveraging a contract like this, you can sweeten the deal just a bit more. 😏Let’s chat 💬😎Connect With Me & Access All My Resources <a href="https://pages.safewealthplanning.com/profile">Here</a>Enjoy this blog? You’ll probably enjoy this one as well: <a href="https://readmedium.com/the-2-new-innovative-ways-to-pay-for-long-term-care-in-retirement-9051b9da38b7">The 2 New Innovative Ways to Pay for Long-term Care in Retirement</a>To your success,Matt</article></body>

How to Get a 10% “Tax Credit” For Your Tax-free Retirement

(don’t forget to checkout the video too)

Designating 60% of your retirement assets to guaranteed income not only protects you from running out of money…

It also protects you from the market and allows you to provide more income at a significantly lower price…😏

This is an income strategy that allows you to leverage the market for growth AND leverage an insurance company for maximum retirement income, simultaneously.

But, not a lot of people know that you can get a 10% credit that can be used to offset the taxes you will incur by performing a Roth conversions inside of an income vehicle.

This is certainly a way to “soften the blow” of doing a Roth conversion.

Now, what exactly is a Roth conversion⁉️

A Roth conversion is where you move money from a taxable account like a 401k, 403b, or traditional IRA, to a Roth IRA.

Doing this means that you are choosing to pay the taxes now, so that you can collect all of that money tax-free later (OR transfer it to a loved one tax-free when you pass away).

So let’s say you have $200k and you want to move it into a Roth IRA so that you can achieve a tax-free retirement.

Smart move, right!?

Well, hypothetically, let’s say that performing the Roth conversion costs you $40k in income taxes… (since you have to pay income taxes on a withdrawal from your taxable account).

If you partner with the right insurance company, they are going to credit your income account with 10% immediately as soon as you designate that money as retirement income…

So you’ll still owe $40k in income taxes, but the net cost of the conversion is only $20k because you also received a $20k “tax credit” added to the income value of your account…

So creating performing Roth conversions to create a tax-free retirement is a worthwhile option for many people to explore ANYWAY, but by leveraging a contract like this, you can sweeten the deal just a bit more. 😏

Let’s chat 💬😎

Connect With Me & Access All My Resources Here

Enjoy this blog? You’ll probably enjoy this one as well: The 2 New Innovative Ways to Pay for Long-term Care in Retirement

To your success,

Matt