Suze Orman advised a retiree against converting a $1.6 million pretax 401(k) into a Roth IRA due to tax implications. She emphasized the complexity of the American tax system and highlighted women’s tendency to prioritize family over financial planning. Orman recommended long-term wealth generation through Roth IRAs and diversified investments like gold and real estate (1-3).

Orman warned about the tax implications of converting retirement accounts and suggested seeking professional guidance. She promoted services like Advisor.com for retirement planning assistance and emphasized the importance of careful investment choices. Orman advocated for Roth IRAs and highlighted the benefits of investing in less volatile assets like gold for a stable portfolio (4-6).

Investing in real estate can provide tax benefits and consistent income in retirement. Platforms like Mogul offer fractional ownership in rental properties, while Arrived facilitates investments through a checkbook IRA. Investors can earn monthly interest payments on real estate projects through Arrived’s Private Credit Fund, offering diversification and potential financial growth (7-9).

Planning for retirement can be challenging alone, and seeking qualified support is crucial for making informed investment decisions. Orman’s advice on tax-efficient investments, like gold and real estate, underscores the importance of strategic financial planning for long-term security. Consider consulting with professionals and leveraging diverse asset classes for a resilient retirement portfolio (10-12).

Read more at Yahoo Finance: Suze Orman explains why this $1.6 million retirement plan would backfire, and how to avoid the trap