A short YouTube commentary by Craig Wear, CFP® highlighting an unusual, time-limited opportunity created by the recent U.S. election. Wear states that President-elect Trump intends to extend current (lower) federal tax rates beyond their scheduled expiration, making 2024—and likely the next four years—a favorable window to consider Roth IRA conversions or other tax planning moves while rates remain low.
Hey, you guys, welcome back to the channel. I just had a thought. You know, we don't often get a second chance in life when we kind of miss something or miss the boat or make a mistake or whatever the case may be. But we have an unusual opportunity right now. Since the election. What we've discovered is that President Elect Trump wants to actually extend the current tax rates beyond when they're supposed to end, which was next year. So that gives you this year, if you're watching this, still in 2024, and we know for sure, it seems like the next four years of these low tax rates.
