IRA and 401(k) Planning Opportunities During Volatile Markets
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The market just dropped. Your IRA or 401(k) is down bad. And your gut is telling you to do something about it.
The problem is, most of the things people instinctively want to do when the market tanks are exactly the wrong moves.
But buried inside that volatility — if you know where to look — are some of the best retirement and tax planning opportunities that exist. Opportunities that only show up when things get really scary.
In this episode, Cameron walks you through some of those opportunities and explains where people blow it so you don't make the same mistakes.
More specifically, I discuss:
- What kind of market volatility constitutes executing a particular strategy?
- The ideal Roth conversion timing during market downturns
- What can you do about Required Minimum Distributions (RMD) if your IRA or 401(k) drops significantly?
- Net Unrealized Appreciation (NUA) "basis reset" for those with company stock inside their 401(k) plan
- 72(t) payment plans from your IRA and how to mitigate the damage during market downturns
Resources From The Episode:
- Retired-ish Newsletter Sign-Up
- Get Show Notes Here
Key moments:
(03:21) Roth Conversions: The Silver Lining
(14:14) Required Minimum Distributions (RMDs) During Market Declines
(18:39) Net Unrealized Appreciation (NUA) Strategy
(22:39) NUA: Capitalizing on Downturns and Avoiding Pitfalls
(26:23) 72(t) Payments: Early Withdrawal Strategies
(32:28) Common Mistakes to Avoid