❓Find out the impact of RMDs on your retirement:
https://q3.link/rmd-calculator

How to calculate your RMDs

In this video, we dive into the hidden gaps in the most popular financial planning software—especially when it comes to Roth conversions and tax strategy. 💼📉

Financial experts Craig Wear and Daniel Jandro break down tools like eMoney, RightCapital, BuddyGad Pro, MaxiFi, and Bolden, revealing where they shine—and where they fall short. While these platforms are helpful for basic forecasting and budgeting, most fail to properly test or optimize Roth conversion strategies. That’s a big deal—because without this, you might be leaving hundreds of thousands on the table in unnecessary taxes. 😬

The conversation highlights the critical need for specialized tax knowledge, personalized planning, and collaboration across financial disciplines to help clients truly maximize retirement savings.

✅ Takeaways
Most financial planning software doesn’t optimize for Roth conversions.
Tools like eMoney and RightCapital are strong on planning, but weak on strategy.
Roth conversions are often an afterthought, not a tested variable.
Generalist software lacks the depth needed for high-net-worth tax strategy.
Specialized advisors can catch what software misses.
Testing Roth strategies can result in significant lifetime tax savings.
Collaboration between financial planners and tax specialists leads to better client outcomes.
Don’t rely on the default projections—your strategy deserves better.

🗣️ Sound Bites
"It's almost like a shell game."
"We are that specialist."
"You're leaving a lot of money on the table."

📚Chapters
00:00 How Financial Software Gets It Wrong
02:55 Roth Conversion Strategies and Challenges
06:05 The Importance of Specialization in Financial Planning
08:49 Maximizing Tax Efficiency for IRA Millionaires
12:03 Conclusion and Call to Action

Fun words:
Roth conversions, pre-tax money, tax implications, Roth IRA, tax-free growth, required minimum distributions, tax consequences, large IRAs, tax burden, working years, risks, inherited IRAs, 10-year rule, Secure Act 1.0, distribution requirements, designated beneficiaries, tax strategy, estate planning, IRA funds, cash value life insurance, Roth conversion, marketing messages, tax benefits, limitations, future cash flow needs, certified financial planner, income needs, retirement

#rothconversion #retirementplanning #financialadvisor