Short video by Craig Wear, CFP® explaining that Roth conversions should be planned (not one-time) and that investors should prioritize which assets to convert based on which holdings will most benefit from future tax-free growth.
Most optimal Roth conversion game plans are not a one and done. Let me tell you why. The high flyers in your portfolio are going to grow, or you hope they're going to grow, or you maybe have assets that are depressed and you believe for whatever reason they're going to come back faster than everything else once that money gets over to that Roth. Think about what's about to happen. Whatever growth happens going forward is totally free of taxation. So you have to ask yourself, which of these investments do I want to enjoy tax free growth on first?
