North American is always listening to what’s needed in our industry – and they know partial Roth conversions are a GREAT way to separate yourself from the competition. Please join Austin and me as we go over the below and position YOU as the expert in this conversation!

Partial Roth conversions with North American:
• Available on contracts issued on or after Feb. 1, 2024
• Available on all products
• Ability to convert only a portion of the account value to a Roth IRA!

Charter Plus:
• Optional EBR rider (95 bps fee)
o Additional 9% bonus added to 10-year (up to 19% bonus)
o Additional 12% bonus added to 14-year (up to 25% bonus)
• New Barclays Transitions 6 and 12 Indexes added
• Bonus is added to any premiums added within first 3 years of contract

Don’t miss out on what this A+ carrier has in store for you and your clients! Be sure to contact your Sales Director to discuss any cases you have in mind or if you need anything further.

0:00 Introduction
20:55 Who does partial Roth conversions? North American does!
50:45 Questions and wrap up…(read more)

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Partial Roth conversions are a tax-saving strategy that can benefit individuals looking to optimize their retirement savings. While many people may shy away from Roth conversions due to potential tax implications, there are some who see the value in converting a portion of their traditional IRA funds to a Roth IRA.

One company that is leading the charge in promoting partial Roth conversions is North American. With a focus on helping individuals make the most of their retirement funds, North American offers a range of financial products and services, including the option to do partial Roth conversions.

But who exactly does partial Roth conversions? The answer is quite simple – anyone who is looking to maximize their retirement savings and take advantage of potential tax savings. By converting a portion of their traditional IRA funds to a Roth IRA, individuals can diversify their retirement accounts and potentially reduce their future tax burden.

There are a number of reasons why someone may opt for a partial Roth conversion. For starters, a Roth IRA offers tax-free growth potential, meaning that any earnings in the account can be withdrawn tax-free in retirement. Additionally, Roth IRAs are not subject to required minimum distributions (RMDs), so individuals have more control over when and how they access their funds.

Some individuals may also choose to do partial Roth conversions as a way to hedge against future tax increases. By converting a portion of their traditional IRA funds to a Roth IRA now, they can lock in today’s tax rates and potentially save money in the long run.

Overall, partial Roth conversions can be a valuable tool for those looking to bolster their retirement savings and make the most of their retirement years. With North American leading the way in promoting this strategy, more individuals are discovering the benefits of partial Roth conversions and taking steps to secure their financial future.