IRA Tax Reduction Strategies
Financial Solutions and Joel Williamson can assist you by discussing, explaining, and implementing one of the multitude of methods that are available to potentially reduce long term tax costs on IRA's and other Qualified Retirement plans. Listed below are 4 such strategies:
1. Roth conversion*
2. Strategic IRA Rollout
3. IRA Leveraging Strategies**
4. Charitable Planning
For more information or consultation, please call Joel Williamson at Financial Solutions at the following number: 866.240.2262.
Please Note: Financial Solutions does not provide professional tax advice or services. When considering tax planning options be sure to consult with your tax advisor .
* TIPRA 2005 offers a one-time opportunity in 2010 to convert your IRA for a tax free growth and income opportunity and defer the payment of taxes for the conversion over 3 tax years but you need to act now.
**Note: IRA leveraging in this usage is defined as repositioning the "Growth" of the IRA into possibly a more favorable long-term tax environment, such as partial Roth IRA conversions and permanent life insurance for income and estate tax considerations. These represent some potential ways that IRA owners may benefit from "leveraging" their IRA.
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