Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

3 Critical Questions to Ask Yourself Before You Start Roth Conversions

2 Nov 2024 · 0 min

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Short guidance from Craig Wear, CFP® introducing three critical questions to answer before starting a Roth conversion strategy: (1) how much of retirement accounts to convert (IRA, 401(k), other money), (2) when to begin conversions, and (3) which tax bracket optimizes tax outcomes while preserving/growing net worth.

I wanted to give you three critical questions to consider that really need to be answered fully, I mean fully, before you really embark on a Roth conversion strategy. The first, you need to figure out how much of the total IRA, 401k and money that you have should you convert. The second is when should you begin? The third question is which tax bracket is going to provide you the optimal tax avoidance while also allowing you to at least maintain and hopefully grow your net worth?