Inexpensive vs. Expensive Investing

At Daner Wealth Management in Alpharetta, we work with estate attorneys to align your money, assets, and legacy wishes. Our financial planning approach is designed to consider tax implications, support wealth preservation efforts, and help clients prepare for the future. Key Takeaways: Helps align financial assets with estate documents and family goals Coordinates tax strategies for inherited retirement accounts and business equity Offers liquidity solutions like life insurance for estate tax coverage Advises on Roth conversions, trust integration, and beneficiary designations Supports legacy planning across generations with philanthropic options Ideal to begin planning when assets reach ~$1M or when complexity increases

The Backdoor Roth IRA offers high-income earners a legal workaround to access the benefits of a Roth IRA, despite IRS income limits. By contributing to a Traditional IRA first and then converting those funds to a Roth IRA, investors can achieve tax-free growth and withdrawals in retirement. This strategy provides tax diversification and flexibility, though it comes with complexities like the pro-rata rule and potential legislative changes. Proper planning with a financial advisor can help maximize the benefits of this powerful retirement savings tool.

Are women better investors than men?