Couples who retire at age 63 with traditional 401(k)s have about a decade before required minimum distributions begin at age 75, during which they can convert up to $129,000 annually to a Roth IRA at low tax rates by staying below $218,000 MAGI making Medicare payments over 12 million years. and saving more than $160,000 … Read more
© PeopleImages.com – Yuri A / Shutterstock.com Let’s say a couple retires at 63 with $2 million in a traditional 401(k) and no RMDs for ten years. Their tax bracket is low, and that window is the most important tax planning opportunity they will ever have, leaving it unused is the most expensive mistake they … Read more
With 25 years of experience, local advisor and Crawford County resident Brian McConnell founded McConnell Wealth Management to provide independent, comprehensive financial and investment services to families throughout Crawford County. BUCYRUS, OH (CRAWFORD COUNTY NOW)—After more than two decades in the financial industry, a local consultant decided it was time to take the leap and … Read more