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

Unlocking the Power of Roth Conversions to Maximize Savings and Minimize Taxes

11 Apr 2024 · 1 min

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Craig Wear, CFP® introduces the topic of Roth conversions and argues that while many people now perform Roth conversions, most are not maximizing the strategy. He claims that by doing only what’s comfortable or following generic internet advice, people often leave large sums — “hundreds of thousands of dollars, if not well over a million” — to the IRS. The clip functions as an opening diagnosis motivating fuller use of Roth-conversion techniques.

Chapters

A few years ago, when I wrote my first book, Paying the Piper, my big challenge was just to convince people that there really was a lot of money to be saved in a lot of different ways by doing Roth conversions. And now we find that a lot of people are doing Roth conversions. So they call us to talk about what they're doing. And what we find, unfortunately, is that most people are not doing all that they could do. And the result of that is they're leaving hundreds of thousands of dollars, if not well over a million dollars, in many cases, on the doorstep of the irs because they're just doing what's comfortable or what they saw on the Internet that they should do. So.