A short advisory video by Craig Wear, CFP® aimed at people aged 75 or older who are considering Roth IRA conversions. The speaker’s core point: after about age 75, there is likely too little remaining lifespan for Roth conversions to reliably produce a net benefit for the individual, though cases vary and decisions must be individualized.
Let me say this to you. And if you're, if you're 75 or older and you're thinking about doing Roth conversions, there's a couple of things that I think that you should be aware of. The bottom line statement to you that I'll say is that if you do conversions after about 75 years old, and there's no hard stop on that, it needs to be determined for everybody. But generally, around that age, there's probably not enough time left in your life span for a financial calculation to be able to prove to you that it was worth it for you to do it to benefit you.
