This YouTube video (Craig Wear, CFP®) advocates paying taxes now via Roth conversions as a strategic move to save in the long run. The speaker argues that avoiding taxes is not the goal; instead, managing taxes strategically within one’s timeframe and rules leads to financial success.
I have rarely seen it work out for anybody, no matter what their income level, with their tax brackets. I have. It is a anomaly that there's any circumstance that you could lay out that we could put on paper, put the math and say, yeah, you're better to wait. Here's in summary, pay taxes now on Roth Conversion. It may feel like a hit, but it's, it's, it's really a hit worth taking for huge savings. And remember that the key to financial success isn't avoiding taxes. It's managing them strategically under your time frame and under your rules and under your decisions.
