How much does Craig Wear claim the average client will save in Medicare Part B and D premiums by accelerating conversions?

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

Are You Maximizing Your Roth Conversion Savings?

1 Nov 2024 · 0 min

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Craig Wear, CFP, argues you should accelerate Roth conversions instead of limiting them. He says the average client saves at least $80,000 in Medicare premiums by doing this, and the higher premiums you pay now are worth the lifetime tax-free growth.

Questions this video answers

At least $80,000.

Our average client will save at least $80,000 of Medicare Part B and D premiums by accelerating their conversions as opposed to trying to hit some self imposed ceiling that the media or another advisor tells you is the right way to do it. So again, you have to just consider the longer term benefits. The higher Medicare premiums are probably a very small price to pay for all the tax free growth that you're going to get by having it in a Roth.