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Worry Free Funds for Family

Worry Free Funds for Family. Minimize Taxes for Me and My Family. "I like the tax benefits of a Roth IRA conversion for my family, but I don't want to pay the taxes now to convert. My IRA is 'extra' for our retirement, kind of added security to eliminate money worries for my wife and children.".

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Worry Free Funds for Family

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  1. Worry Free Funds for Family Minimize Taxes for Me and My Family "I like the tax benefits of a Roth IRA conversion for my family, but I don't want to pay the taxes now to convert. My IRA is 'extra' for our retirement, kind of added security to eliminate money worries for my wife and children."

  2. Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30%

  3. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30%

  4. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch

  5. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts

  6. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  7. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney's retirement with just RMDs and premiums Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  8. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney's retirement with just RMDs and premiums Tiffany's Roth IRA with no distributions Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  9. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney's retirement with just RMDs and premiums Tiffany's Roth IRA with no distributions One chart to show it all Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  10. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney's retirement with just RMDs and premiums Tiffany's Roth IRA with no distributions One chart to show it all Life insurance makes it possible Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  11. Not counting on IRA for retirement • Minimize income taxes while providing wife and family "extra" security • Opposes taxes for Roth IRA conversion Rodney's retirement with just RMDs and premiums Tiffany's Roth IRA with no distributions One chart to show it all Life insurance makes it possible Rodney & Tiffany Riches 65 Male 55 Female Children: 39 Male 37 Male 32 Female $1 million IRA @ 6% $10 million Other Assets est. Taxes @ 30% QPDA - Roth IRA Stretch Spouse inherits and converts Life insurance, provided by IRA, pays the taxes

  12. Rodney ProvidesWorry Free Funds for Family • Takes just premiums and minimum distributions keeping taxes low • Life insurance provides tax-free funds to pay Roth conversion taxes • Tiffany has a source for tax-free distributions, but does not have to take any • Life insurance provides for taxes at her death so the children get the funds • Children spread taxes and income over a lifetime

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