Are you executing the right Roth Conversion strategy for your retirement? To avoid tax penalties, are you paying the correct amount in taxes on the proper timeline? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to [ Ссылка ].

Tax planning and making proper tax payments can be one of the most confusing parts of retirement.

The IRS lays out convoluted rules that are difficult to understand, and the responsibility is on you to follow these rules.

A confusing aspect of retirement taxation is adhering to IRS guidelines for making tax payments on Roth Conversions and other taxable events.

In this video today, we are going to explain two critical types of tax payments:
1. Tax Withholdings
2. Estimated Tax Payments

We will show that these tax payments are treated differently in the eyes of the IRS and which payment you should make for your situation.

This video will also explain a powerful IRA Tax Hack that you can use as a sort of "get out of jail free" card if you find yourself in a situation where you messed up making your required tax payments.

0:00 Early Year Roth Conversion Tax Requirements
0:26 The IRS "Pay As You Go" System
0:58 When Must You Pay Taxes on a Roth Conversion?
1:10 Not All Tax Payments are Created Equal
2:36 The Optimal Way to Pay Roth Conversion Taxes
3:42 Using Form 2210 To Avoid a Tax Penalty
4:39 An Incredible IRA Hack For Paying Roth Conversion Taxes
6:22 Don't Be Afraid of Early Year Conversions!

#IRAHack #RothConversion #TaxPlanning
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Always remember, "You Don't Need More Money; You Need a Better Plan"

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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at [ Ссылка ]

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