Without a working crystal ball all tax planning includes some guesswork. For years financial advisors have used the sunset of the Tax Cuts and Jobs Act as a reason to convert to Roth. With the change in administrations and promises of TCJA continuing beyond 2025, or even expanding, this session dives into what that means for the future of Roth conversions. Steven shares his perspective on what will happen (no insider knowledge, just his guess) and more importantly how advisors can approach tax planning and Roth conversions in the face of uncertainty.
Learning objectives:
- Understand the implications of proposed tax law changes
- Learn the benefits of Roth conversions beyond estimated tax savings
- Articulate when Roth conversions are a bad fit for a client
- Expand knowledge of how to effectively execute Roth conversions
Meet Steven Jarvis, CPA, MBA
Steven aims to bridge the gap between tax professionals, financial advisors, and their mutual clients to help reduce most people's largest expense in retirement: taxes! With over 10 years of experience from top accounting firms and by partnering with some of the most successful financial advisors in the industry, Steven is uniquely positioned to help financial advisors deliver massive value to their clients AND stay between the lines on compliance. With his valuable skill of distilling endless pages of IRS tax code and case law into easy to explain--easier to implement--actionable items that financial advisors can use with their clients today!