0:52

Craig Wear, CFP® advises viewers to "lock in" current (lower) tax rates by converting now rather than waiting for future administrations. He cites the possibility that the Tax Cuts and Jobs Act will be extended (giving "maybe at least another four years" of lower rates) and lists long-term benefits of converting now: eliminating required minimum distributions (RMDs), avoiding added taxable income, keeping Social Security and Medicare premiums lower, creating a tax-free inheritance for children, and gaining greater control over retirement income.

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