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

Maximize Your IRA – Avoid Financial Pitfalls Today

27 Oct 2024 · 0 min

Watch on YouTube

0:28

Craig Wear, CFP® warns that people in their 60s and early 70s risk leaving large sums to the IRS if they do not perform a comprehensive, quantitative evaluation of their retirement accounts. He advises developing a tailored game plan rather than relying on a single spreadsheet or default approach, implying that many retirees may unknowingly choose suboptimal strategies.

If you're in your 60s and early 70s, you're going to leave millions of dollars at the doorstep of the irs, and you probably aren't even aware of it. If you haven't had an opportunity to get a comprehensive quantitative evaluation of your situation and a game plan of what works best, you maybe are going to pick the best of the both worlds, go with the best spreadsheet option that you have, and just run with it without ever knowing that maybe it was not the best option for you.