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Roth conversions for taxfree withdrawals from "summary" of The Power of Zero, Revised and Updated by David McKnight
One of the most powerful strategies for creating a tax-free retirement is the concept of Roth conversions. This strategy involves converting your tax-deferred retirement savings into a Roth IRA in order to take advantage of tax-free withdrawals in retirement. By strategically converting a portion of your traditional IRA or 401(k) assets to a Roth IRA each year, you can gradually reduce the tax burden on your retirement savings. The key benefit of Roth conversions is that they allow you to pay taxes on your retirement savings at a potentially lower rate than you would in retirement. This is especially beneficial if you believe that tax rates will be higher in the future. By paying taxes on your retirement savings now, you can lock in a lower tax rate a...
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