How often do the speakers say their calculations show converting now is better?

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

Get Ahead of Taxes with The Power of Tax Free Investments

21 Apr 2024 · 1 min

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0:36

Short excerpt from a YouTube video by Craig Wear, CFP® discussing tax-free investments (e.g., Roth-style accounts) and the timing of conversions. Core claims in this segment: investment gains and income can be tax-free; converting to tax-free accounts earlier—even while still working in a higher tax bracket—can be advantageous; the speaker reports that in their analyses it is beneficial to convert now in ~99% of cases because converting a smaller balance today often yields lower lifetime tax than deferring and converting a larger balance later.

Questions this video answers

About 99% of the time.

Imagine if you had all the benefits of those, those.
Other investments, but all.
The gains and all the income was totally tax free.
And what if you.
Got started on.
It five.
Years, 10 years earlier, because.
You are.
Going to maybe still work for that long, but now you can get started earlier.
And it.
Is totally a.
Myth that you should not.
Convert while you're still working at a higher tax bracket.
We deal with it.
Every single week. And every time we run the numbers, Every is strong. 99% of the time that we run.
The numbers, you're.
Better off to convert now the smaller balance than to leave it deferred for another five or 10.
Years and pay tax on.
A higher balance.