How to reduce the taxes you pay in retirement

Some of the most common retirement questions involve what to do with Social Security or Medicare. Yet, one of the most important questions you should ask is, How will I be taxed in retirement?

That’s because, according to the Financial Industry Regulatory Authority, “income taxes can be your single largest expense in retirement.”

And without a purposeful plan, those taxes can eat away at your retirement dreams. In this video, Great Waters Financial Lead Advisor, Nick Foulks, takes you through what you need to know about Roth IRAs and Roth conversions with action steps you can take today to avoid unnecessary taxes in retirement.

In this on-demand video, you will learn:

• The difference between a Traditional IRA and a Roth IRA, and why that’s important
• Accumulation Roadblocks and what to do about them
• The powerful strategy of Roth conversions and when to utilize it
• The steps you can take today to avoid significant taxes in retirement