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

The best time to convert your IRA

24 Jul 2024 · 0 min

Watch on YouTube

0:23

YouTube video transcript (Craig Wear, CFP®) offering practical advice on timing IRA conversions. The speaker outlines two timing approaches and recommends using market drawdowns—approximately 10–12% corrections—as attractive opportunities to convert and ‘start throwing in,’ either by converting multiple quarters at once or completing the year’s conversions immediately.

Now remember, if you go with that hedger timing, if you do have a marker correction of 10, 12% like we normally do during the course of a year, man, boom, jump on it. That's the time to really start throwing in. Maybe you do a couple quarters at once, or maybe you just do the rest of it for the whole year, thinking, gosh, I may not have a better opportunity than that. So when it comes to timing, those are your two options. I wish I could tell you what is absolutely best.