How Do Roth IRAs Fit with Estate Planning using Life Insurance?

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Today's episode of The Insurance Experts is apropos as it looks like Congress will soon pass the SECURE Act (pending the President's signature.)

Our guest on today's video, Jamie Hopkins, just wrote an article for Forbes on the topic here.

Don't do this at home disclaimer: These are complex strategies with requirements that change over time, so make sure you consult your financial, insurance, and tax advisors before implementation.

"We actually worked on a case study not too long ago with a client who actually had a $60 million dollar Roth IRA and I thought that was the coolest, and I said I'm going to work on this case." - Jamie Hopkins

Our guest on this week's video of The Insurance Experts is Jamie Hopkins. Jamie is a tax expert with Carson Wealth Management Group. He has been a professor with the American College and he is building a personal finance course for Creighton University's business school.

Jamie and I discuss how Roth IRA work and "back-door" Roth IRA strategies in this episode. We discuss a case where a client with a very large Roth IRA who was able to combine it with an estate planning strategy using life insurance to get an optimal tax planning outcome.

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