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

How to Secure Your Family’s Financial Future!

25 Oct 2024 · 1 min

Watch on YouTube

0:31

This YouTube video features Craig Wear, CFP® presenting financial-planning strategies focused on individuals with large IRA holdings. In the excerpt he describes three client segments by age and asset/income conditions: (1) ages 59–74 with at least $1 million in IRAs; (2) under 59 with substantial income or non-401(k) assets to pay taxes; and (3) ages 75+ with $1 million IRAs focused on leaving tidy inheritances for children. The talk aims to help secure family financial futures through IRA and tax-aware planning.

Questions this video answers

People between 59 and 74 with at least $1 million in IRAs.

Clients under 59 who have high income to pay taxes or substantial assets outside 401(k)s to pay taxes.

Clients 75 and older with $1 million in their IRAs, focused on leaving benefits to their children.

Chapters

We work with people that are between 59 and 74 that have got at least a million in IRAs. We work with people under 59 who've got a lot of income that they can use to pay taxes or a lot of assets outside of their 401ks that they can use to pay taxes. And we work with people that are 75 and older that have also got $1 million in their IRAs, who understand that the big benefits are probably going to go to their kids. While they'll get some during their lifetime, they're really doing it to make sure they're not leaving their heirs with a mess.