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

Avoid These Costly Estate Tax Planning Mistakes!

3 Mar 2025 · 1 min

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YouTube video by Craig Wear, CFP® (uploaded March 3, 2025) that outlines common estate tax planning mistakes. In this excerpt he warns that people often ignore how conversions (e.g., retirement-account conversions) can affect Medicare premiums and that many fail to coordinate charitable giving with tax planning. He notes charitable-giving examples in the $10,000–$30,000 range and points viewers to other videos on his channel for more depth.

Chapters

We're talking about funds that maybe you would be needing during your life or could use in a better way. The other mistake people make is they they really ignore that impact of conversions on the Medicare premiums already talked about. And then the last one, and I've got other videos about this you can kind of search for on this channel, is a lot of people fail to coordinate charitable giving with their tax planning. So I didn't include it in this little example I gave you. But there are a lot of benefits if you are charitably inclined and you're normally in the habit of giving away to charity in some significant ways. 10, 20, $30,000.