Latest news with #DavidHyden
Associated Press
12-05-2025
- Business
- Associated Press
Retirement Tax Consultants Reveals Strategy to Cut Taxes on Roth Conversions by Up to 35% Using LLC Discounts
The Best Way to Save on Roth Conversion Taxes You've Never Heard Of 'We are the bridge between your Accountant and Financial Advisor: We do what they don't'— David Hyden MCKINNEY, TX, UNITED STATES, May 12, 2025 / / -- Retirement Tax Consultants, a leading authority in retirement tax reduction planning, today announced a powerful strategy to help retirees reduce taxes on Roth IRA conversions by a minimum of 35% in the 2025 tax year. The key: applying valuation discounts to LLC interests held within IRAs. This advanced tax strategy leverages IRS-accepted valuation principles—specifically Discounts for Lack of Marketability (DLOM), Lack of Control (DLOC) and Minority Interest Discounts—to reduce the fair market value (FMV) of assets converted from a traditional IRA to a Roth IRA. By lowering the FMV of closely held LLC interests through a qualified appraisal, taxpayers can reduce the taxable income triggered during conversion. 'Roth conversions are one of the most effective long-term tax planning tools available,' says David Hyden, President and Founder of Retirement Tax Consultants. 'But the tax hit can be a barrier. By properly valuing LLC interests with legitimate discounts, retirees can convert more wealth at a lower tax cost—potentially saving hundreds of thousands of dollars.' Key Highlights of the Strategy: • Qualified Valuation Discounts: Reduces FMV of LLC interests by a minimum of 35% using DLOM, DLOC and minority interest discounts. • IRS-Compliant Approach: Strategy follows IRS Business Valuation Guidelines and relies on qualified, defensible appraisals. • Audit-Ready Documentation: Clients receive fully documented reports to support the valuation in case of IRS scrutiny. • 2025 Tax Opportunity: Applies to Roth conversions completed during the 2024 tax year, offering significant planning potential before year-end. This strategy builds on IRS guidance and legal precedents recognizing valuation discounts in estate and gift tax cases, which are now being successfully applied in Roth conversion contexts. While the approach is powerful, Retirement Tax Consultants stresses the importance of working with experienced tax professionals and certified valuation experts to ensure compliance. Hyden added, 'We have a complete Diligence Process in place to help clients understand the strategy, including IRS Revenue Rulings, relevant court cases, sample LLC Operating Agreement, LLC Valuation Report, etc. 'We believe it's important for the client to first get a Roth Analysis completed to weigh the cost of Roth conversion vs not converting. Mitigating Tax Risk in retirement is perhaps the most important component to effective planning. 'If Congress is unable to extend the Tax Cuts & Jobs Act tax rates will automatically rise beginning in 2026. I believe it would be prudent for retirees and pre-retirees to get their tax planning completed soon.' For more information or to schedule a consultation, visit or call 469-342-8889. David B. Hyden Retirement Tax Consultants +1 469-342-8889 email us here Visit us on social media: LinkedIn Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
30-04-2025
- Business
- Associated Press
Retirement Tax Consultants Says Before Converting to Roth, Get a Roth Analysis First
Compare the Cost of Converting vs Cost of Not Converting 'We are the bridge between your Accountant and Financial Advisor: We do what they don't'— David Hyden MCKINNEY, TX, UNITED STATES, April 30, 2025 / / -- For individuals contemplating whether to convert their traditional IRAs, 401(k)s, and other tax-qualified retirement plans to a Roth IRA, Retirement Tax Consultants is now offering a comprehensive Roth Conversion Analysis. Making the right decision about Roth conversion can save retirees hundreds of thousands of dollars over time—but only if it's based on accurate, personalized analysis. While some local advisors may be equipped to perform these calculations, the reality is that Roth analysis requires deep expertise in tax strategy, mathematics, and retirement income planning. Retirement Tax Consultants fills this gap by offering clients a professional-grade report set designed to evaluate all aspects of Roth conversion. These reports answer the most critical questions a retirement account owner must ask: ________________________________________ Our Roth Conversion Report includes a side-by-side analysis comparing the long-term costs of converting versus not converting: 1. THE COST OF CONVERSION • Tax cost of a conventional single-year conversion • Tax cost of a structured (multi-year) conversion • Tax cost of a strategically optimized single-year conversion using proprietary tax strategies • Fees and risks associated with an optimized conversion • D1RV (Day-One Roth Value) for each approach • Enhancement options available, with analysis of appropriateness and cost 2. THE COST OF NOT CONVERTING • Lifetime income taxes (voluntary and RMDs) • Increased Medicare premiums • IRMAA surcharges (Income-Related Monthly Adjustment Amount) • Investment fees and commissions on the embedded tax liability ________________________________________ 'With our tools, expertise, and software, we can show clients the true cost and benefit of a Roth conversion and help them decide if the Roth conversion makes sense financially. This is not just a financial guess—it's a fact-based analysis that empowers clients to make the best decision for their retirement future,' said David Hyden, Founder of Retirement Tax Consultants. 'For those clients that decide to convert to Roth we can also show them how to reduce the taxes by a minimum of 35% using strategies that are legal yet largely unknown by most advisers.' ASK ABOUT OUR LIMITED TIME PROMOTION: 40% OFF ________________________________________ To schedule your Roth Analysis, contact Retirement Tax Consultants today: 📞 Call: 469-342-8889 📩 Email: [email protected] 🌐 Visit: David B. Hyden Retirement Tax Consultants +1 469-342-8889 email us here Visit us on social media: LinkedIn Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
26-04-2025
- Business
- Associated Press
GUIDE TO ROTH CONVERSIONS
GET A ROTH ANALYSIS FIRST 'We are the bridge between your Accountant and Financial Advisor: We do what they don't'— David Hyden MCKINNEY, TX, UNITED STATES, April 26, 2025 / / -- For individuals contemplating whether to convert their traditional IRAs, 401(k)s, and other tax-qualified retirement plans to a Roth IRA, Retirement Tax Consultants is now offering a comprehensive Roth Conversion Analysis. Making the right decision about Roth conversion can save retirees hundreds of thousands of dollars over time—but only if it's based on accurate, personalized analysis. While some local advisors may be equipped to perform these calculations, the reality is that Roth analysis requires deep expertise in tax strategy, mathematics, and retirement income planning. Retirement Tax Consultants fills this gap by offering clients a professional-grade report set designed to evaluate all aspects of Roth conversion. These reports answer the most critical questions a retirement account owner must ask: ________________________________________ Our Roth Conversion Report includes a side-by-side analysis comparing the long-term costs of converting versus not converting: 1. THE COST OF CONVERSION • Tax cost of a conventional single-year conversion • Tax cost of a structured (multi-year) conversion • Tax cost of a strategically optimized single-year conversion using proprietary tax strategies • Fees and risks associated with an optimized conversion • D1RV (Day-One Roth Value) for each approach • Enhancement options available, with analysis of appropriateness and cost 2. THE COST OF NOT CONVERTING • Lifetime income taxes (voluntary and RMDs) • Increased Medicare premiums • IRMAA surcharges (Income-Related Monthly Adjustment Amount) • Investment fees and commissions on the embedded tax liability ________________________________________ 'With our tools, expertise, and software, we can show clients the true cost and benefit of a Roth conversion and help them decide if the Roth conversion makes sense financially. This is not just a financial guess—it's a fact-based analysis that empowers clients to make the best decision for their retirement future,' said David Hyden, Founder of Retirement Tax Consultants. 'For those clients that decide to convert to Roth we can also show them how to reduce the taxes by a minimum of 35% using various strategies that are legal yet largely unknown by most advisers.' ________________________________________ To schedule your Roth Analysis, contact Retirement Tax Consultants today: 📞 Call: 469-342-8889 📩 Email: [email protected] 🌐 Visit: David B. Hyden Retirement Tax Consultants email us here Visit us on social media: LinkedIn Facebook Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
