A short YouTube talk by Craig Wear, CFP® introducing five common mistakes people make when converting traditional IRAs to Roth IRAs. The speaker frames the talk as guidance based on client experience since 2019 and intends to list the top five errors and how to avoid them.
So today I'm going to talk about the common mistakes to avoid when you're doing Roth conversions, when you're converting your IRA over to a Roth. What I've learned over time is that over the last, I guess since 2019, up until just a couple years ago, we talk to a lot of people every week through marketing and stuff that we do to try to help people with this problem of finding the actual optimal way to do Roth conversions. And we learned that people were embracing the idea, but they really didn't know what they were doing, or they were just going with just kind of financial media type of generalities. And so they were making a lot of mistakes. So I thought I'd take a few minutes and just kind of run through the five biggest mistakes that we see people make. Getting your IRA converted to a Roth is important.
