Tag: Tax Optimization
Should You Convert to a Roth Before Retirement?

Should You Convert to a Roth Before Retirement?

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Roth conversions can be a powerful tax strategy, but are they the right move when you’re just about to retire? In this video, Matt walks through a real-life case study to test that very question. Using Jerry and Ruth Crawford’s $7.3 million portfolio, he explores different strategies, from converting everything at once to filling tax brackets little by little.

Here’s some of what we discuss in this episode:

⚖️ Full Roth conversion vs. phased approach

📉 Why converting all at once can reduce portfolio growth

📊 Lifetime tax savings with bracket targeting

⏳ Impact of delaying Social Security to age 70

🏡 Flexibility and legacy benefits from tax-free Roth assets

0:00 – Intro

0:47 – Case Study

2:47 – Full Roth conversion

3:44 – Partial conversion

7:26 – Delaying Social Security

8:45 – Flexibility and legacy benefits

Other Resources

📌Our website: https://www.perspective6wealthadvisors.com/

📞Phone: (952) 225-0333

📧 Email: perspective6@savvyadvisors.com

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📚 Essential Financial Guides

📌5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6wealthadvisors.com/guide/

📌Stock Compensation Tax Form Checklist: https://perspective6wealthadvisors.com/stock-compensation-tax-checklist/

📌ESPP: A Comprehensive Guide: https://perspective6wealthadvisors.com/espp-guide/

📌Check out our other no-cost financial resources here: https://perspective6wealthadvisors.com/resource-center/

📲 Stay Connected

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Investment advisory services offered through Savvy Advisors, Inc. Other entities and/or marketing names, products or services mentioned here are independent of Savvy Advisors, Inc.
Financial Planning Q&A (Ep. 31)

Financial Planning Q&A (Ep. 31)

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Making informed financial decisions can be the difference between financial stress and financial independence.

Are you confident in your strategy for retirement planning, tax efficiency, and leveraging workplace benefits like 401(k)s, ESPPs, and HSAs?

In this episode, Matt Nelson and Matthew Finley answer real client questions, addressing topics like maximizing retirement savings, understanding investment strategies, and preparing for market changes. Their practical insights make financial planning accessible and actionable for MedTech professionals.

They discuss: 

  • How to determine the right mix of risk and conservatism for 401(k) investments, especially as retirement approaches
  • Which accounts to withdraw from first during retirement to optimize taxes and cash flow
  • The impact of market fluctuations on Employer Stock Purchase Plans (ESPPs) and strategies to avoid common pitfalls
  • Why economic fundamentals matter more than political changes for long-term financial stability
  • How to grow Health Savings Accounts (HSAs) into powerful investment tools for the future
  • And more!

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Making the Most of MedTech (Ep. 4)

Making the Most of MedTech (Ep. 4)

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The MedTech industry is filled with professionals driven by passion and a mission, but are they making the most of their financial opportunities?

Venture beyond the ordinary to a place where MedTech isn’t just a concept, but an experience. Join CERTIFIED FINANCIAL PLANNER™ professional, Matt Nelson, as he discusses the unique financial challenges and opportunities that come with the MedTech industry. From startup risks to equity compensations, Matt’s insights shed light on maximizing benefits and ensuring long-term financial stability for MedTech professionals.

Throughout the discussion, Matt touches upon:

  • How MedTech professionals can balance their passion with profit
  • What a Mega Backdoor Roth is and how to utilize it to reshape your financial future
  • How professionals can navigate the treacherous waters of high risks to reap those high rewards
  • What strategies you can implement to ensure you’re not putting all your eggs in one risky basket
  • And other invaluable insights!

 

Resources:

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