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- Title
Roth Distributions and Tax Avoidance on Social Security Benefits and Medicare Premiums.
- Authors
Gillette, Davidson B.; Schneider, Douglas K.
- Abstract
Many investors utilize Roth retirement accounts and Roth conversions in their financial planning due to the commonly referenced benefit of tax-free distributions. In this article, potentially valuable advantages of Roth distributions, including avoiding taxes on Social Security benefits and avoiding additional Medicare Part B and Part D premiums, are explored. How Congress could limit these advantages in the future, without violating the promise of no direct taxes on Roth distributions, is then examined. Both the current state of Roth advantages and potential future changes will be of interest to financial service professionals and their clients.
- Subjects
SOCIAL security taxes; RETIREMENT planning; MEDICARE Part B; INVESTORS; DIRECT taxation; MEDICARE
- Publication
Journal of Financial Service Professionals, 2024, Vol 78, Issue 4, p53
- ISSN
1537-1816
- Publication type
Article