In this solo video, Craig Wear, CFP® warns IRA millionaires that leaving large IRA balances to heirs under the SECURE Act 1.0 can create a massive tax burden. The Act forces all inherited IRA assets to be withdrawn within ten years, often pushing heirs into high marginal tax brackets (30‑40% plus state tax). With multiple heirs, the government can end up receiving a larger share of the IRA than any individual child. Wear argues that strategic Roth conversions before death can eliminate future taxes, because qualified Roth withdrawals are tax‑free even though required minimum distributions still apply. He emphasizes that not only the amount converted matters, but also the timing; getting the conversion schedule wrong could cost $500,000 to $1 million in lost value. Amid conflicting advice online, Wear promotes a master class that walks through the math and planning steps, noting that his client list includes tax attorneys, CPAs, financial advisors, and engineers who have vetted his approach.
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You know, if you leave a couple million dollars at the end of your life to your heirs, and you, you understand the way that those, that they have to now pay tax on that at some point, you're really throwing that into a position later down the road where there's probably a lot more money. Now it's coming into their life at a time where it may be causing them to have, have to pay a higher tax rate on that money because they took it out of the IRA. Of course, with the SECURE Act 1.0, It made it to where now everybody has to— pretty much everybody has to take all the money out within a 10-year period of time. Well, you leave a couple million dollars to somebody and they got to take another $200,000, $250,000 a year. Or if they make the mistake of just kicking the can down the road and leaving it there, now they're taking it out and they're paying tax at 30%, 40%. And now you add state tax on top of that. It's a big deal. What we find is that it's pretty easy if you just have 2 heirs. It's pretty easy to imagine where a third of your IRA is going to end up in tax to the government, a third goes, goes to the other 2 kids. If you end up with more than 2 kids, the math works out to where it's pretty easy to see that the government actually gets a higher proportion of the IRA than any of the individual heirs do. So without strategic planning, It can turn out to be just a tax nightmare. It's everybody paying their own share, but collectively more tax got paid than if you'd have just done it during your lifetime. So it's real important to get a game plan ahead of time to make the most strategic use of moving that money over to a Roth, because when it gets to that Roth IRA, now nobody ever pays any tax on it. They still are required to take it out of the Roth, but that does not create a taxable event upon doing that. 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 can 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 not is undeniable. I've got a master class. 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 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 master class, learn what. You can get accomplished. And, uh, click the button below and see what happens.
