This is a short video by Craig Wear, CFP® addressing the controversial topic of how Roth IRA conversions affect Medicare premiums. The presenter aims to explain the impact for Medicare-age enrollees, argue that earlier conversions are likely preferable over time, and describe both short-term negatives and long-term benefits.
So today I want to cover a subject that is somewhat controversial, and we get a lot of people that call in, talk to our advisors that have got some pretty strong opinions about this. The subject is the impact of Roth conversions on Medicare premiums. And so today, what I want to do is I want to help you to understand that there is an impact on your Medicare premiums if you're Medicare age and enrolled in Medicare. I want to be able to demonstrate to you that over time, you're probably much better off to do the conversion sooner rather than later, and the negative of what that means to you, as well as the ultimate benefits.
