In it to Win it podcast

Smart Tax Planning with IRAs: Leonard Wright’s Retirement Planning Take

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Leonard Wright, a leading voice in financial planning and chair of the Personal Financial Planning Executive Committee, explains how his grandparents’ pension loss after Studebaker’s collapse inspired his mission to protect retirement security through 401k plans.

With over 29 years in the industry, Wright outlines core strategies for optimizing traditional and Roth IRAs, using micro-Roth conversions, and leveraging inherited assets tax-efficiently. He emphasizes holistic financial planning, association networking, and the value of intellectual capital for long-term success.

Wright also explores the transformative impact of AI and robotics on longevity and the economy, highlighting new healthcare breakthroughs and rising investment opportunities. He shares actionable insights on Safe Harbor, profit-sharing, and cash balance plans—helping professionals and business owners reduce taxes and boost retirement outcomes.

 

Connect with Leonard Wright!

Website: https://aicpaconferences.com/b/sp/leonard-wright-1643

LinkedIn: https://www.linkedin.com/in/leonardwright/

 

🔥 Key Topics Discussed

✅ How Studebaker’s collapse led Leonard Wright to focus on 401k reform

✅ 401k success story: from zero to $2M in savings

✅ Roth vs Traditional IRAs: key differences and tax strategies

✅ Micro Roth conversions for long-term tax savings

✅ Holistic financial planning: risk, retirement, estate, and investment

✅ Cash balance plans: deduct up to $300K as a business owner

✅ Safe Harbor and profit-sharing to reduce turnover and boost retention

✅ Building intellectual capital through professional associations

✅ AI and robotics reshaping health, longevity, and investment

✅ Future opportunities in tech, finance, and tax planning

 

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Chapters:

00:00 Introduction with Steve Barton and Leonard Wright

09:31 The value of networking and intellectual capital

11:14 Macro view on the economy and financial markets

20:32 How AI is transforming healthcare and longevity

21:42 Overview of financial planning strategies

31:19 Tax tips for individual investors

42:07 Understanding profit sharing plans

47:32 Cash balance plans and tax-saving opportunities

55:52 Traditional versus Roth IRA conversion advice

59:06 Required minimum distributions explained

01:01:30 How to follow and connect with Leonard Wright

 

DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.

WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. I recommend them because they are helpful and useful, not because I am looking for the small commission. Thank you for using the links.

 

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