Capital Gains, IRMAA, Roth Conversions, and Basis: Q&A #2416

April 20, 2024

Capital Gains, IRMAA, Roth Conversions, and Basis: Q&A #2416

Chris and Paul sit down to discuss listener questions relating to capital gains, IRMAA, Roth conversions, and basis.

(4:10) Chris and Paul chat about an IRS notice.

(10:00) A listener asks about the sale of a house and the possible capital gains exclusions allowed for single/married people.

(17:45) George wonders if IRMAA avoidance and a large Roth conversion can be undone.

(36:30) George looks for clarification on if he can specify his future IRA distributions to prioritize taking from the after-tax basis portion or not.

(49:00) A listener explains their own personal projections and looks for thoughts on Roth conversions/tax planning in retirement ahead of RMD age.

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Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs. The advisor must attend two live training sessions and pass two written exams annually to remain in the program. Jim Saulnier & Associates, LLC (“RIA Firm”) is a registered investment adviser located in Fort Collins, CO. Jim Saulnier & Associates, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Current registered states: CA, CO, PA, TX, WA, IL Insurance products and services are offered and sold through James H. Saulnier, a Colorado licensed insurance producer, only in those states in which he is reciprocally licensed or qualifies for an exemption or exclusion from licensing requirements. Current reciprocal insurance licensing in these states: AZ, CA, CA, CN, FL, HI, IA, MA, MD, NY, PA, SC, TN, TX, VA, WA, WI, WY Click here for a more detailed disclosure.