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

Save Millions in Taxes The Ultimate Strategy Revealed

7 Apr 2024 · 0 min

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Short excerpt of a YouTube video by Craig Wear, CFP® explaining that accelerating appropriate Roth conversions can preserve or increase net worth while substantially reducing taxes. In the example given, an optimal strategy avoided about $1.8 million in taxes and resulted in roughly $1.3 million more net worth for the taxpayers.

Questions this video answers

About $1.8 million.

About $1.3 million.

Craig Wear, CFP®.

The optimal strategy for them, save them $1.8 million or help them avoid taxes of about $1.8 million. You need to know that these results on optimal strategies are also done at a place where their net worth is at least where it was or higher. Very seldom do we see a decrease in net worth if you get Roth conversion accelerated, Roth conversions done appropriately. So they ended up with an additional $1.3 million in their pocket just because they got it right.