Craig Wear, a CFP, warns IRA millionaires that generic AI tax advice on Roth conversions can cost $500,000 to $1 million. Converting the wrong amount or at the wrong time ignores future income, Social Security timing, and RMDs. Minimizing lifetime tax liability requires a detailed strategy, not a simple rule.
If you go online and you ask Google or you ask ChatGPT, how should I do Roth conversions? You'll often get a simple answer. Just convert up to the top of your current tax bracket. If you're an IRA millionaire, that can be a really bad plan. You can leave a ton of money on the IRS's table. What you need is a strategic plan that looks at multiple tax brackets, future scenarios, and the entire timeline. Income changes. RMDs, Social Security timing, widow or widower tax brackets, inheritances, selling a business, all these things that can spike taxes later. The goal is not to pay the least tax this year. The goal is to pay the least tax over your lifetime and maximize what I call your tax-adjusted net worth. Because if you've got $2 million in an IRA at age 85, that's not $2 million of spendable money. The IRS still has a claim on a big chunk of it. Please don't leave your future to Google or AI. Hey, if you're an IRA millionaire, you know what matters in doing Roth conversions isn't just how much you convert, it's also the timing of when you get— when you convert. And there's as much as $500,000 on the table, could be even $1 million if you don't get those details right. And I know there's all kinds of messages all over the internet and there's, you know, you can Scroll through your socials and you get 10 financial advisors telling you to convert, not to convert, how fast, how not. Look, the facts are just the facts and the math is undeniable. I've got a masterclass. I like to walk you through all the details of it. I don't think that you'll find anything in there that you would probably disagree with. Our client list includes tax attorneys, CPAs, financial advisors, and a whole lot of really bright Engineers who knew the math and decided to come and allow us to help them anyway. But I just want you to get the information. I want you to get to the masterclass, learn what you can get accomplished, and click the button below and see what happens.
