A short YouTube video by Craig Wear, CFP® explaining pros and cons of doing partial Roth conversions. The speaker notes benefits such as reducing future required minimum distributions (RMDs), lowering future taxable income, and timing flexibility to convert in lower-income years or offset with deductions; he then introduces the negative side of partial conversions.
So converting part of a traditional IRA to Roth can actually reduce your future RMDs and the taxable income that comes from those. Also, you get some flexibility in your timing. So since you decide how much to convert each year, you get to align those conversions with the years that you have lower income, offset the conversion with other deductions like charitable giving or whatever, which can lower the impact. So all that's pretty standard stuff. But let me give you the cons. Let me give you the negative side of just doing partial Roth conversions.
