TAX FREE INVESTMENT ACCOUNTS THAT EVERY AFFLUENT RETIREE NEEDS
Tax Free accounts
Three must have accounts
Roth IRA
Since 2010 income restrictions for Roth IRA conversions has been repealed, enabling retirees the ability to do large multi-million dollar conversions via the "back-door" Roth IRA conversion strategy, but that could change in the future. Legislation has been proposed to revert back to 2010 era laws. Act now.
Health Savings
Truly one of the most fantastic retirement planning tools for retirees. The Health Savings Account (HSA) can be funded with tax free money, can grow tax free, and the funds can be withdrawn completely tax free. Distributions don't count towards your Social Security taxes or IRMAA Medicare penalty premium penalties. Truly one of a kind.
Guaranteed Income
As a retiree, best practice is to "create a retirement income floor and then invest for the upside." Having the right type of guaranteed accounts that are tax free to maintain your living expenses throughout retirement will give you peace of mind and security when the markets change.