Craig Toberman discusses ways to lower your taxes on minimum distributions with Sandra Block for the article “Lower Taxes on Required Minimum Distributions” in Kiplinger.
“The beauty of a Roth conversion is that it gets the money into a wrapper that will grow tax-free forever,” Toberman says. “Even if tax rates double in the future, it has no impact on a Roth because two times zero is zero.”
Do you want to discuss ways to lower your tax liability with tax planning? Book a call with Craig.
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.