Do THIS with your retirement fund #biggerpockets #fire #shorts
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Summary
AI-generatedThis video discusses Roth conversions as a way to reduce the size of your traditional retirement account before you reach the age where required minimum distributions (RMDs) kick in, thus lowering your taxable amount. The key is to affirmatively trigger a tax on the money when your income and thus your tax rate is low.
Key insights
Roth conversions are a tactic in the financial independence community.
Mistakes to avoid
Don't trigger a Roth conversion when your tax rate is high. The key is to affirmatively trigger a tax when your income is low.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial