A short YouTube video by Craig Wear, CFP® offering four end-of-year Roth conversion tips: (1) establish a Roth IRA account if you don't have one, (2) prepare an investment transition game plan, (3) create a charitable giving plan, and (4) keep an organized, documented conversion game plan to manage moving pieces and avoid false assumptions.
A lot of people wait till the end of the year to get it done, which is not my preference, but here we are. And so I'm going to give you some things to look at. The first thing is maybe very obvious. It's amazing how many people overlook this. You need to get a Roth IRA account established. Number two is a little bit more complicated. You want to have an investment transition game plan in place. Number three is get a charitable giving plan. The last tip that I go through over and over, and it's really just my stick, is there are so many moving pieces in getting the Roth conversion done right. And there are so many false paradigms and false assumptions that people make that having an organized game plan is really important.
