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Brandon Renfro

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Writer at Freelance

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Articles

  • Ask an Advisor: I Want to Roll Over $60k to a Roth, But Need Help Tax Planning. Can I Offset Part of My Tax Bill By Donating Some of the Money?

    1 week ago | smartasset.com | Brandon Renfro

    I’m interested in converting a traditional IRA into a Roth IRA and want to know if taxes are due at time of the rollover. Currently, I have $95,566 in a traditional IRA and would like to roll over $60,000 to a Roth IRA. Also, is it possible to have part of the taxes designated as a qualified charitable distribution to a not-for-profit church? – EloiseStrictly speaking, you can’t earmark a portion of your tax bill to be distributed to a church.

  • Ask an Advisor: I Want to Roll Over $60k to a Roth, But Need Help Tax Planning. Can I Offset Part of My Tax Bill By Donating Some of the Money?

    1 week ago | lifestyle.countrylegends1059.com | Brandon Renfro

    By Brandon Renfro, CFP®, RICP, EAI’m interested in converting a traditional IRA into a Roth IRA and want to know if taxes are due at time of the rollover. Currently, I have $95,566 in a traditional IRA and would like to roll over $60,000 to a Roth IRA. Also, is it possible to have part of the taxes designated as a qualified charitable distribution to a not-for-profit church? Strictly speaking, you can’t earmark a portion of your tax bill to be distributed to a church.

  • Ask an Advisor: If I Convert to Roth Before 73, Does the 5-Year Rule Still Affect My Beneficiary?

    1 week ago | yahoo.com | Brandon Renfro

    I want to do three Roth conversions in the next three years before I turn 73 in 2027 so that my beneficiary doesn’t have to deal with taxes. If I should die soon after the last conversion, will my beneficiary be subject to the five-year rules? – TomThis is a good question. The five-year rules are a regular source of confusion. We field a lot of questions about them in this column.

  • Where Should I Put the $110k I'm Getting from My Divorce to Avoid Taxes and Medicare Increase?

    3 weeks ago | sg.finance.yahoo.com | Brandon Renfro

    Brandon Renfro, CFP®, RICP, EA Mon, 21 Apr 2025, 5:00 am 5 min read Financial advisor and columnist Brandon Renfro SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m getting $110,000 from a 401(k) through a divorce QDRO. Where should I put the money to avoid excess tax and IIRMA implications? I’m 70 and my only income comes from Social Security.

  • Should My Wife Convert her $350k-$400k to a Roth IRA? She's 65 But Isn't Retiring Anytime Soon

    1 month ago | sg.finance.yahoo.com | Brandon Renfro

    Brandon Renfro, CFP®, RICP, EA Mon, 14 April 2025 at 8:00 am GMT-4 6 min read My wife is currently working and has a traditional IRA with approximately $350,000 to $400,000. She is almost 65 but not looking to retire anytime soon. Should she roll over her IRA and take a tax hit and open a Roth IRA? I’m not sure if this is a smart move at this time in her life. Any suggestions will be helpful. – Ed That's a great question, and definitely something worth thinking about.

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