Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Finding a balanced retirement strategy

5 Oct 2024 · 1 min

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A short excerpt from a YouTube video by Craig Wear, CFP® offering retirement-income strategy guidance. The speaker suggests using Qualified Charitable Distributions (QCDs) to send required minimum distributions (RMDs) directly to charity, using Roth IRA withdrawals as tax-free supplemental income, and keeping long-term investments in a brokerage account for heirs.

Chapters

If you can find just the right balance in there, then what you do is you end up with a life where maybe your RMDs go straight to your charity or church through something called Qualified Qualified Charitable Donations. Your primary income is is derived from other sources and you supplement that with Roth IRA money which is totally tax free. And your brokerage account maybe is just let is just to leave the long term things there that you're going to end up giving to your heirs.