How Do Roth IRAs Fit in with Estate Planning?

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"We actually worked on a case study not too long ago with a client who actually had a $60 million dollar Roth IRA and I thought that was the coolest, and I said I'm going to work on this case." - Jamie Hopkins

Don't do this at home disclaimer: These are complex strategies with requirements that change over time, so make sure you consult your financial, insurance, and tax advisors before implementation. Also, please note that we filmed this interview last year just prior to Congress passing the SECURE Act and before COVID-19 and the CARES Act.

Our guest on this week's video of The Insurance Experts is Jamie Hopkins. Jamie is a tax expert with Carson Wealth Management Group. He has been a professor with the American College and he is building a personal finance course for Creighton University's business school.

Jamie and I discuss how Roth IRA work and "back-door" Roth IRA strategies in this episode. We discuss a case where a client with a very large Roth IRA who was able to combine it with an estate planning strategy using life insurance to get an optimal tax planning outcome.

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