MOKAN WEALTH MANAGEMENT

📈 Boost Retirement Income: Roth Conversions + Social Security Strategy Here's a powerful combo to maximize your retirement income: ↳ Strategic Roth conversions to optimize Social Security benefits Why it works: ✅ Reduces future RMDs ✅ Lowers taxable income in retirement ✅ Minimizes Social Security benefit taxation ✅ Creates tax-free income streams for you & surviving spouse Key steps: Strategically Convert traditional IRA portions to Roth over 4-10 years Pay taxes now Claim Social Security at Full Retirement to maximize benefits ❌ Don't let the "tax torpedo" sink your retirement plans ✅ Do create a Roth conversion strategy to minimize lifetime taxes → This approach requires careful planning. Consult a fiduciary advisor to tailor this strategy to your unique situation and maximize your retirement income.

📊 Building Your Retirement War Chest: A Strategy for Stability Are you nearing retirement? Here's a powerful tactic to create a "war chest" of stable investments: ↳ Set aside 5-10 years of portfolio income in laddered short-term U.S. Treasuries. Why this works: ✅ Shields your retirement income from market volatility ✅ Provides predictable cash flow ✅ Allows your growth assets time to recover from potential downturns How to implement: Calculate your annual portfolio withdrawal needs Multiply by 5-10 years Invest that amount in a ladder of 0-5 year Treasury bills Replenish annually from your growth portfolio This strategy isn't about timing the market—it's about creating a buffer that lets you sleep at night while still maintaining long-term growth potential. ❌ Don't let fear of market swings derail your retirement plans. ✅ Do create a stable income foundation with Treasury ladders. → Remember, this is just one piece of a comprehensive retirement strategy. Always consult with a fiduciary advisor to tailor a plan that fits your unique needs and goals.

🔍 Retirement withdrawals: A financial chess game, not checkers Many retirees follow the conventional wisdom: drain taxable accounts, then tax-deferred, and finally Roth. But this "simple" approach could cost you thousands in unnecessary taxes. A smarter strategy? Think "tax bracket management." ↳ Draw from tax-deferred accounts up to the top of your current bracket ↳ Fill remaining income needs from taxable accounts ↳ Use Roth funds strategically to avoid bracket jumps This approach can potentially: ☑ Reduce your lifetime tax burden ☑ Extend your portfolio's longevity ☑ Provide more flexibility in high-expense years → Remember, your withdrawal strategy should be as thoughtful as your financial fingerprint. Consult a professional to tailor a plan that fits your specific situation.

Sarah, 62, is ramping up her retirement savings in 2025 with the new enhanced catch-up contribution of $11,250 for her 401(k). This means she can contribute a total of $34,750 this year! This boost is a game-changer, helping Sarah significantly grow her nest egg and secure her financial future as she approaches retirement. If you're in your early 60s, now is the time to take advantage of these opportunities! Watch the full video here: https://lnkd.in/gWSfDEtx #RetirementPlanning #401k #SecureAct2 #RothIRA #FinancialFreedom #RetirementSavings

2025 brings game-changing updates to 401(k), IRA, and Roth IRA contribution limits thanks to the Secure Act 2.0. 🚀 💡 What You Need to Know: - New 401(k) limit: $23,500 (+$7,500 catch-up for 50+) - Special catch-up for ages 60-63: $11,250 = up to $34,750/year! - Backdoor Roth IRA strategies still available for high-income earners. - IRA limits unchanged ($7,000, or $8,000 with catch-up for 50+). 🎯 Don’t wait to ramp up your retirement savings! Start planning now to take full advantage of these opportunities and let compounding do the heavy lifting. 📺 Watch the full video here: https://lnkd.in/gWSfDEtx #RetirementPlanning #401k #SecureAct2 #RothIRA #FinancialFreedom #RetirementSavings

Got $1 million+ saved in your 401(k)s and IRAs? 🏦 Let’s talk Roth conversions and why they could be a game-changer for your retirement strategy. I know it might sound like financial mumbo jumbo, but stick with me—this could be the most important eight minutes you spend on your finances this week. 👉 Start with the basics and discover how this move could impact your taxes, income, and financial future. 💬 Want to know if this strategy is right for you? Let’s dive deeper into your unique retirement puzzle. Watch here: https://lnkd.in/gdJjakHq #RetirementPlanning #RothConversion #FinancialFreedom #TaxStrategies

You’ve heard it before: diversify your investments. But what about your retirement income streams? Think of it like a balanced diet. You wouldn’t eat the same thing every day for 30 years, right? 🥗🍕🍎 By having both traditional and Roth accounts, you give yourself options. In years when expenses are high, you can pull from your Roth account without bumping into a higher tax bracket. It’s like a financial buffet—take exactly what you need, when you need it. 💬 Want to know if this strategy is right for you? Let’s dive deeper into your unique retirement puzzle. Watch here: https://lnkd.in/gdJjakHq #RetirementPlanning #RothConversion #FinancialFreedom #TaxStrategies

Required Minimum Distributions (RMDs) are Uncle Sam’s way of saying, “It’s time to pay up!” Starting at age 73, you’re forced to withdraw from your traditional IRA—even if you don’t need the money. But here’s the beauty of a Roth IRA: No RMDs. 🙌 You can leave your money invested, let it grow, and enjoy more control over your tax bracket in retirement. More growth. Less stress. Greater flexibility. Who doesn’t want that? 💬 Want to know if this strategy is right for you? Let’s dive deeper into your unique retirement puzzle. Watch here: https://lnkd.in/gdJjakHq #RetirementPlanning #RothConversion #FinancialFreedom #TaxStrategies

Did you know your income can impact your Medicare premiums? Higher income from tax-deferred accounts could mean higher Part B and D premiums—for life. 😱 Here’s the kicker: Roth IRA withdrawals don’t count toward this calculation. 🎉 By converting some of your traditional IRA money to a Roth before retirement, you could lower your taxable income and keep your Medicare premiums in check. Think of it as giving your future self a healthcare discount! 🩺💰 💬 Want to know if this strategy is right for you? Let’s dive deeper into your unique retirement puzzle. Watch here: https://lnkd.in/gdJjakHq #RetirementPlanning #RothConversion #FinancialFreedom #TaxStrategies

While none of us have a crystal ball 🪄, history shows us that taxes can—and do—rise. In the 1970s, the top marginal tax rate hit a staggering 70%! By doing a Roth conversion now, you're locking in today’s tax rates, protecting your retirement savings from potential future hikes. Think of it as insurance for your financial future 🛡️. Why wait and risk paying more later when you can plan smarter today? 💡 💬 Want to know if this strategy is right for you? Let’s dive deeper into your unique retirement puzzle. Watch here: https://lnkd.in/gdJjakHq #RetirementPlanning #RothConversion #FinancialFreedom #TaxStrategies