A short YouTube talk by Craig Wear, CFP® explaining why retirees consider Roth conversions: to manage and prepay taxes, gain control over the timing and tax rate paid on retirement account distributions, and to get ahead of required minimum distributions (RMDs). The speaker emphasizes that conversions accelerate tax liability intentionally rather than waiting for RMDs to force taxes later.
So some of the reasons that people look into doing Roth conversions into retirement is to get ahead of the eventuality that's going to happen when they get to the age for required minimum distributions, or just to get ahead of the tax that's owed in it. You know, what a lot of people don't talk about is that the you're going to pay tax. So doing a Roth conversion is really just the only way to be able to take control of the timing that you pay tax and the rate that you pay tax, instead of just kind of waiting for fade or the eventual aging process to start doing that for you.
