Sean Mullaney
speaker
1,197 appearances
2 recordings
2 series
first heard Jan 2026
last heard 23 Apr
Sean Mullaney’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Apr 2026 with 1.
Appearances
So you've done really well and you have a few tax inefficiencies.
That's an outcome most Americans would gladly sign up for.
And these inefficiencies come after decades of defeating the IRS.
I am a lifelong or almost lifelong New York Jets fan, and I've seen plenty of garbage on touchdowns.
There are scores by the other side that ultimately are not determinative of the ultimate outcome.
And that's what we're looking for is financial success.
As much as we're trying to reduce taxes, that's an important priority.
But the ultimate priority is financial success.
And I've seen my Jets score too many touchdowns to not be pretty knowledgeable about this subject.
And so I think what happens is if you use these traditional retirement accounts to build up retirement savings, maybe build up some taxable brokerage accounts, maybe build up backdoor Roth IRAs because you deducted, you saved money, you invested it during your working years.
all right, maybe at the end of the game, we have some RMDs that go out at the 32% when we're already affluent and we don't have the energy to be spending that money anyway, or maybe we're in long-term care, a whole other conversation.
A lot of times, a lot of these long-term care expenses can be subject to, it could be medical deductions, and then we can essentially deduct away most of our taxable income.
So it's actually an efficient use for a traditional IRA, not a desired use, but an
efficient use.
So yeah, that's sort of my approach when I think about this.
Not that Roth conversions can't play a good role, can't be beneficial, but rarely are the Roth conversions needed.
Robert, thanks so much for having me.
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