Retirement Answer Man
Roger Whitney, CFP®, CIMA®, RMA, CPWA®
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Retirement Year End Planning: Contributing to Assets
Join us as we dive into year-end financial planning strategies to optimize your retirement plan. This episode unpacks the essentials of contributing to various accounts like 401(k)s, IRAs, Roth IRAs, HSAs, and donor-advised funds before the year ends. We also discuss Roth conversions and answer listener questions about IRMAA brackets and required minimum distributions. Plus, hear a special tribute to veterans, featuring the first mission of Roger’s grandfather, a WWII bomber pilot. Don’t miss this comprehensive guide to maximizing your retirement savings and honoring those who served! SMART PLANNING SEGMENT (01:01) Rock Retirement Club is having its last open enrollment for the year. (02:26) This month the theme has been to look at year end planning items in order to optimize your plan of record. (03:40) This week we focus on contributing to assets between now and the end of the year. We will start off by discussing contributing to your 401K account. (05:30) The second thing we want to look at is contributing to an IRA or Roth IRA. (08:37) The next account you might consider contributing to is your health savings account. (10:07) Another thing you might consider contributing to is a donor advised fund or any type of charity. (15:03) The next one I’ll talk about today is 529 education plans. (17:00) Another account you might want to contribute to is your after tax investment account. LISTENER QUESTIONS (20:00) Roger talks about 51 missions that his grandfather flew during World War II in honor of Veterans Day. (21:10) Reid is concerned about IRMAA in 2026 regarding Roth conversions. (24:35) David asks a question about projected required minimum distributions for Roth conversions. (28:30) Joe asks about tax brackets and Roth conversions. (31:13) Denise says the more she reads about Roth conversions, the more confused she gets. SMART SPRINT (35:00) If you want to try to do some optimization, grab the worksheets from Six Shot Saturday and go through the lists. IN HONOR OF VETERANS DAY (35:54) In honor of Veterans Day, I'm going to share some missions from my grandfather to thank all of our veterans. REFERENCES Six Shot Saturday Rock Retirement Club Retirement Answer Man- FREE Resource Center Show notes created by https://headliner.app
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