The Power of the ROTH

Overview

Pre-tax retirement savings never made sense. But it was our only option decades ago. Now we have something much more powerful in the Roth. However, people are investing pre-tax like it's 1980. James will discuss the power of investing in the Roth and how a solid understanding of this investment vehicle can help clients save in tax-advantaged accounts for the future. CPAs can add value to their practice by helping their clients understand these vehicles and whether to convert pretax savings into Roth accounts.

Prerequisites

There are no definitive prerequisites, but an understanding of how Traditional IRAs and workplace retirement plans are taxed will help with understanding the course discussions.

Objectives

• Attendees will gain an understanding of the paradigm shift toward Roth and away from pre-tax retirement savings. The discussion focuses on the end game of wealth accumulation, which is to spend the money you’ve saved.

Highlights

• History of the three-legged stool
• Flaws in the original pre-tax assumptions
• Who owns your wealth
• Today’s fiscal and tax realities
• What really is a Roth conversion
• What is the end game to retirement savings