Reply to Roth Conversion later in life, near retirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone try the services of Craig Wear —who bills himself and his team as having a niche expertise in Roth conversions (having it done it exclusively fir past 15 years) to lessen tax liabilities and use money on own teems versus forced RMDs etc. His fee of 10k (or 9900). Seems steep but he offers 100% guarantee of tax savings or money back.   [/quote]

That’s crazy. No way would I pay that. I would start by paying for pralana or maybe boldin or at least post your info on bogleheads and see what reactions you get.

tbh my rule of thumb is that Roth conversions are rarely worthwhile— the benefits are generally small and uncertain. [/quote]

The biggest benefit is to the heirs.. they get to have the money grow tax free for 10 years post-inheritance before withdrawing tax-free. [/quote]

[b]But the pot of money growing is smaller due to taxes paid[/b] and it’s very possible they’d be better off paying taxes at their rates over 10 years than having the OP pay taxes in a year or two at OP’s rates. [/quote]

You can't pay tax out of pocket? Rollover 50k, entire 50K gets to ROTH, pay tax when you file tax next year, no? [/quote]

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