Craig Wear, CFP® introduces Roth conversion strategy and frames it as his primary expertise. He explains that Roth IRAs differ from traditional IRAs/401(k)/403(b) accounts by providing tax-free growth for the account owner and tax-free inheritance for heirs.
So since Roth conversion strategy has been our primary claim to fame, let me just kind of begin there. A Roth IRA gives you a ton of benefits beyond what the tax deferral you've experienced during your lifetime in your 401k or your 403 or your IRA accounts. The biggest difference between an IRA and a Roth IRA is that everything that you have in a Roth IRA is going to grow totally tax free for the rest of your life and you'll pass it to your heirs and they won't pay tax on it either.
