Craig Toberman discusses ways to lower your taxes on minimum distributions with Sandra Block for the article “Lower Taxes on Required Minimum Distributions” in Kiplinger.
“The beauty of a Roth conversion is that it gets the money into a wrapper that will grow tax-free forever,” Toberman says. “Even if tax rates double in the future, it has no impact on a Roth because two times zero is zero.”
Do you want to discuss ways to lower your tax liability with tax planning? Book a call with Craig.
Craig Toberman is a Partner at Toberman Becker Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.