Craig Wear argues for converting traditional IRAs and 401(k)s to Roth accounts now, even if it means paying taxes today. The balance grows tax-free forever, and future tax rates will likely be higher. Don't add new money to tax-deferred accounts unless you're getting a match.
Convert as fast as you can and as much as you can and never put another dime into a tax-deferred account unless somebody else is putting another dime with you. What's your rationale behind that? I've just done the math. You take that compound, you pay a little bit of tax today on your seed, and you let that grow forever, totally tax-free, and you continue to fund that seed with more tax-free money. Oof. Where do you think tax rates are going to be 10 years from now or 15 years from now? Are they going to be lower than today or higher?
