In this video (Part 2) I demonstrate how to calculate the tax impact of the conversion from a Traditional IRA to a Roth IRA, including income and tax bracket considerations.

00:00 Introduction
00:55 Tax Cuts and Jobs Act Expires on December 31, 2025
06:17 Presidential Election | Split Congress | Tax Legislation
13:51 Lock In Roth IRA Conversion Now Before the TCJA Expiration
20:33 Historical Tax Rates in the United States
24:30 Beneficiary Planning (Inherit a Traditional IRA or a Roth IRA) | Secure Act
31:17 Example of Your Child Inheriting a Roth vs Traditional IRA
30:23 Remember to Watch for Part 3 Where we will use Turbo Tax for Roth Conversions

Roth Conversion Video Series
Part 1:    • Roth IRA Conversion | 2024 Tax Planni...  
Part 3:    • Roth IRA Conversion (Part 3) | 2024 T...  
Part 4:    • Roth IRA Conversion (Part 4) 2024 Tax...  

#inheritance #taxcuts #electionday