Qualified plans are generally popular because of pre-tax or deductible contributions and tax deferral accumulation. Some employer-sponsored defined contribution plans even match employee contributions to some degree. But ultimately those plans are subject to ordinary income taxation and could trigger Social Security benefit taxation. A new trend for lower tax bracket savers may be non-qualified tax-deferred plans and/or Roth IRAs. Steve and Ken reintroduce Roth conversions as an option to lower retirement income taxation.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More