Nearing or In Retirement? Capitalize on Tax Cuts with a Roth IRA Conversion
We can't control the government or tax rates, but we can control how we invest our money.
That's especially important in retirement, when the last thing you want is an unwelcome tax surprise.
The Tax Cuts and Jobs Act of 2017 offers a window of opportunity to potentially take advantage of lower tax rates for the next seven years (the lower individual rates expire after 2025). I believe these may be the lowest tax rates that many households will see in their lifetimes, because after the plan expires, tax rates most likely will go back to where they were before -- or higher. That's because of our increasing national debt combined with the potentially decreasing tax revenues being collected by the
