A short excerpt from a YouTube video by Craig Wear, CFP® offering practical guidance on Roth IRA conversions. In this segment Wear explains that most clients spread conversions over roughly four to ten years, though some complete conversions faster (one to two years), and he notes there are trade-off discussions in other videos.
You know, most of the time, we split our conversions over somewhere between four to 10 years is where they just tend to land. That's not anything that we put parameters on. It's just as we go through the math, most of our clients that we work with, their game plan is between four and 10 years. We have a few that we just rip the mandate off and we get it done over a year or two. But most people, it takes a little bit longer. And there probably is another video uploaded by now where I talk about the benefits of doing it all at once or doing it over a period of years.
