ROTH conversions for charitably inclined (tax saving strategy)

[tenant13]

https://youstaywealthy.com/roth-conversions-donor-advised-funds/

As the podcaster says at the end: you only should pursue this strategy if you're charitably inclined.

 

[RunningBum]

Could you summarize the strategy, so we have a little more info on whether to sit through a podcast or not?

 

[kaneohe]

a copy of a transcript would be nice...........

 

[tenant13]

Could you summarize the strategy, so we have a little more info on whether to sit through a podcast or not?

You can designate the amount you’d like to convert as a current or future or several future donation(s) and not pay taxes on the conversion.

 

[SecondCor521]

At about 9:30 in the podcast he finally gives away his clever strategy.

Do a $75K Roth conversion and also donate $75K to a DAF, preferably with appreciated stock.

Not earth shattering to me and possibly technically wrong (there are often percent of AGI limits on charitable giving - a quick check shows that it was 30% in 2019 for regular cash and 20% for appreciated stock, see Schedule A instructions at the IRS page A-11 right hand column).

After that point he chats up Fidelity DAFs, which is fine but it feels like an embedded ad to me.