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So Abe loves when I find something to buy that’s on sale. Actually, I think he prefers if I just don’t buy anything at all, but if I am going to buy something, which ladies you know that you are, it’s so much better and he feels great about it when you’re getting a good deal.

So, compare that to taxes. Taxes are on sale right now. In 2018, the tax codes changed and the tax brackets and rates dropped and lowered. So we’ve been saying for the last year and a half, “Hey, taxes are on sale. Let’s look at that and see if it makes sense to strategically, purposely pull money out of our pre-taxed accounts and convert them into Roth IRA’s. Now, this is not a set answer for everyone. This is not an answer for the mass public. You have to come in and we need to look at your situation individually and see if it makes sense for you.

Maybe it makes sense for you in a couple of years. The tax code is supposed to stay intact until 2025. So we have about five years to seriously look at this. You got to pay your taxes at some point. Now or later. If you believe like we do, that taxes will be higher down the road, then there’s a very good chance you will pay more money to Uncle Sam then today. If there is something like taxes that your advisor isn’t speaking to you about, then that is a missing piece.

It can’t always be about growth and accumulation. There are so many other areas that do affect your retirement plan. And that’s something that Abe does a really good job with. Taxes are our biggest expense in retirement. So let’s make sure we’re not paying more than we need to, but we’re paying our fair share.