Craig Wear, CFP® urges viewers to treat Roth conversions as part of a broader tax strategy within a comprehensive financial plan. He argues Roth conversions often make sense—especially for larger IRAs—to reduce future tax exposure and benefit heirs, encouraging proactive action to avoid leaving taxable assets to the IRS or family.
You really need to put this in context of a bigger tax plan that's part of a bigger comprehensive financial plan so that the second half of your life, you're able to really capitalize on all the opportunities available to you and not leave anything sitting at the doorstep of the IRS just because you didn't take some initiative to get it done. Also, kind of consider your own heirs. What will it do to them by leaving your large IRA to them? Roth conversion makes a ton of sense. If you have larger IRAs, it makes a ton of sense almost for everybody, no matter what the size of the IRA is.
