I know you don't want to pay more than you need to in taxes, but too often people start

discussing Roth conversions.

The concept that if you've invested well, your 401k or your IRA, if you've moved it from a previous

company, is going to keep growing, and then in the future, you're hit with those required

distributions.

Now, ideally, we can avoid paying a crazy amount in taxes by doing something

called a Roth conversion to essentially minimize your lifetime tax bill. But sometimes there's

an even better strategy. And that's what I'm going to discuss today. It's called tax gain

harvesting. Most of you have heard of tax loss harvesting, but tax gain harvesting can actually be more

effective.

And I'm going to show you an example why.

If you don't already know, my name is Ari Taublieb.

I am a certified financial planner.

I'm the host of the early retirement podcast and I'm the vice president at Root Financial Partners.

We're going to hop right in and I'm going to

start with a comment from the YouTube channel. Now, if you're listening on the podcast app, I'm going to

explain the comment. If you're watching on YouTube, you can see it on your screen. This comes four days ago

from Trisha 54. If I'm single and my taxable income is less than $47,000 a year,

and I sell my house.

Will I owe 0% in capital gains from the sale?

I've lived in the house for 25 years.

One interesting question.

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