Advanced Planning Strategy: Partial Roth Conversion - A Whole Financial Strategy

Mon, 01 Jun 2026 15:28:30 GMT

Executive Summary

A Partial Roth IRA financial strategy wholly responds to your client’s planning needs and objectives including the attractive features and benefits of a Roth IRA but mitigates the financial and tax impacts of a “full” Roth IRA conversion. Remember with Roth conversion funds are income taxed when distributed/converted/put into a Roth IRA and other funds are needed to pay that tax. Internal Revenue Code Section 408A covers Roth IRAs (Section 408A(d)(3) addresses taxability and conversions.

Enhanced Senior Deduction: Making the “One Big Beautiful Bill Act” Work For Your Clients

Mon, 04 May 2026 21:52:58 GMT

Strategic Use of a Multi-Year Guaranteed Annuity (MYGA) Can Reduce Taxes on Social Security Benefits

Key Points:

Under the “One Big Beautiful Bill Act” (OBBBA), seniors 65 and over can claim an enhanced senior deduction of $6,000 per individual ($12,000 total for a married couple if both spouses qualify).
This new deduction is in addition to the standard deduction available for seniors under current law and is available only for tax years 2025 – 2028.
The deduction phases out for taxpayers with a modified adjusted gross income over $75,000 ($150,000 for joint filers).
Using a MYGA as part of an overall retirement strategy can reduce taxable income, helping seniors qualify for the full deduction and potentially lower Social Security taxes.

OBBBA New Enhanced Senior Deduction Explained

The "One Big Beautiful Bill Act” was signed into law as Public Law No. 119-21 in 2025. The law introduced a new deduction, Internal Revenue Code (IRC) Section 151(d)(5(C), for seniors. This new deduction is available for tax years 2025 (filing in 2026) through 2028.

AXI POV

Advanced Planning Strategy: Partial Roth Conversion - A Whole Financial Strategy

Executive Summary

Enhanced Senior Deduction: Making the “One Big Beautiful Bill Act” Work For Your Clients

Strategic Use of a Multi-Year Guaranteed Annuity (MYGA) Can Reduce Taxes on Social Security Benefits

Key Points:

OBBBA New Enhanced Senior Deduction Explained