How Roth IRAs Avoid The Widows Tax Trap

Roth IRAs distributions do not flow to line 37 of your 1040. Line 37 is your AGI. Why is this so important because if you have less income on line 37 you will have less taxable income and thus less tax. This is especially important for widows who can have less income and yet MORE taxes due! Why? Because they lose a standard deduction AND their tax brackets increase too! Oh, this is ALL before Social Security tax kicks in, or Medicare Premiums are assessed. But don't you worry, we'll get to that stuff in a later episode! ================================= If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here:    / @heritagewealthplanning   Contact me: [email protected] GET MY BOOKS: Both are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It https://amzn.to/2LHwQpt Strategic Money Planning: 8 Easy Ways To Put Your House In Order https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/j... http://heritagewealthplanning.com/cat... LET'S SOCIALIZE! Facebook:   / heritagewealthplanning   Linkedin:   / joshscandlen   Quora: https://www.quora.com/profile/Josh-Sc... Google +: https://plus.google.com/u/1/108893802...