Should I Prioritize Roth Conversions or Health Insurance Subsidies?
In this episode, Jacob discusses the decision many retirees have to make: prioritizing health insurance subsidies or Roth conversions? He highlights considerations such as the person's tax-deferred balance, age, and whether they are charitably inclined.
Jacob explains how the Affordable Care Act can lower premiums for those under a certain income level, and spells out the potential tax savings involved in Roth conversions. He also puts forth the possibility of combining both strategies, depending on specific circumstances.
If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!
Want help with your retirement plan?👇🏼
☎️ Book a call with me
✉️ Email me: jacob@rivertreewealth.com
My YouTube Channel
Submit your question here: jacob@retirementanswers.net
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
Jacob explains how the Affordable Care Act can lower premiums for those under a certain income level, and spells out the potential tax savings involved in Roth conversions. He also puts forth the possibility of combining both strategies, depending on specific circumstances.
If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!
Want help with your retirement plan?👇🏼
☎️ Book a call with me
✉️ Email me: jacob@rivertreewealth.com
My YouTube Channel
Submit your question here: jacob@retirementanswers.net
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
