A short YouTube video by Craig Wear, CFP® explaining Roth IRAs and the strategy of Roth conversions. The speaker defines a Roth IRA as an account funded with post-tax dollars that then grows tax-free and—if rules are met—allows tax-free withdrawals. He emphasizes converting traditional IRA assets into Roth IRAs (Roth conversions) as a core strategy and business focus.
The other bucket that you can have is a Roth ira, right? So the Roth IRA is an account that you put money into. You paid the taxes already, and now it grows tax deferred. And anytime you need money out, as long as you meet a couple of rules, anytime you need money out, it's totally tax free. So it'd be great if all of our money was tax free, wouldn't it? And the way that you can get from one from the IRA bucket to the Roth bucket. Is something I talk a lot about and have written books about. And it's what our whole business model is about, is Roth conversions.
