TIPRA “Taxes On Sale” – How Does It Affect Your Retirement?
We all know that our financial decisions today affect us far into the future and significantly impact our retirement lifestyle.
Perhaps you’ve heard about the tax law change for 2010 that affects retirement accounts such as IRAs but were wondering what this means for you and how you can take advantage of it.
Our friend Kaaren Hall at uDirect IRA referred to this as “taxes on sale” – so you don’t want to miss it!
Keeping up to date on IRS rules and tax laws is something that most of us don’t enjoy. That’s why there are professional tax planners who do this for us.
Listen below to my interview with Amanda Han, CPA and tax planning strategist at Keystone CPA, as we discuss this recent and significant IRA rule change called TIPRA (Tax Increase Prevention and Reconciliation Act), and advanced tax planing strategies due to this change.
In this interview, you’ll find:
- Why is 2010 a special year for Roth IRA conversion?
- Differences between traditional and Roth IRA accounts and how you can take advantage of both in your retirement planning
- How do self directed retirement accounts fit into all this?
- Reasons you may want to convert your traditional IRA to a Roth IRA in 2010 (or maybe even 2009!)
- What are advanced tax planning strategies and how can they help you?
- And more…
Be sure to check out the members’ library area at Keystone CPA‘s web site for some helpful articles and tax planning strategies.
Of course, individual financial circumstances vary, so you will want to consult with your tax advisor before implementing any tax strategy.
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