Case Study – Maximizing Tax Efficiency/Retirement Planning

This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with occasional co-host, Kyle Ryan, CFP. Mike and Kyle continue the series called Case Studies. These case studies are designed to touch on scenarios that could occur and provide unique strategies on how to handle such situations. This episode touches on multiple areas of financial planning, such as maximizing tax efficiency approaching retirement, strategizing Social Security benefits, tax planning when moving to a different state.   This episode also provides an example of the appropriate use of Roth IRA conversions and their timing, and integrating them with retirement income planning. The hosts also briefly touch upon recent changes to inherited IRAs rules and how they may impact multiple generations. Every financial situation is different, but you can check out this episode for some ideas that may benefit you when it comes to maximizing your tax efficiency and retirement planning.