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

The Benefit of doing a 100% #RothConversion

16 Feb 2025 · 0 min

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0:24

Short YouTube clip from Craig Wear, CFP® advocating a 100% Roth conversion as a way to lock in current tax rates and simplify tax planning. He notes that under the new administration tax rates are unlikely to rise for at least four years, making a single, full conversion ("one and done") appealing: complete the paperwork, pay taxes now, and avoid future uncertainty.

But if you do that and you do it all at one time, I guess the good part of it could be that you're locking in a rate that you know is going to happen, which is today's rate, whatever that is. We do know now that with the new administration, tax rates aren't going to go up at least for four years. That we can think of doing it all at once simplifies your tax planning, that's for sure. I mean, it's just a one and done. Fill out the form, pay the taxes, and you're done with it.